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CDFA Energy Finance Update - August 9, 2016

CDFA Energy Finance Newsletter
August 9, 2016
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Energy Finance Update

Features

Moody's Assigns its First Green Bond Assessment to Dutch Mortgage Deal
Moody's Investors Service has released a report from their first assigned Green Bond Assessment (GBA) of GB1 to GREEN STORM 2016 B.V., a Dutch green residential mortgage-backed securitisation (RMBS).

Is Green Striping the Future of Green Bonds?
Green Bonds have led a tremendous growth in environmental finance over the past five years, but that growth has been heavily-weighted towards investment grade credits with their accompanying risk/return.

Columbus' SID Used to Fund Energy Improvements
The city of Columbus, Ohio, has enacted a new energy-friendly funding tool that's already been harnessed by one local property owner, marking a green overhaul that financing platform proponents say is the start of a regional trend.

MO Project May Open Door to Agricultural PACE Financing
Show-Me PACE announced the completion of a comprehensive energy overhaul at a processor of free-range heritage hogs in southwest Missouri. The $4 million project is 10 times the size of the next-largest agricultural PACE project in the nation to date, according to PACENation, which tracks projects across the country.

FHA and VA to Expand Coverage to Properties with PACE
The Federal Housing Administration (FHA) has announced guidance intended to clarify circumstances under which residential properties encumbered by a Property Assessed Clean Energy (PACE) special assessment would be eligible for FHA-insured mortgage financing. 

No Surprises in HUD's PACE Guidance
The ECOreport looks at the US Government's updated guidelines for adopting the Property-Assessed Clean Energy (PACE) program and finds no surprises in HUD's PACE guidance.

Green Energy Funding Falls from 2015's Record Levels
A report by Bloomberg New Energy Finance reveals that financing for solar, wind and other alternatives to fossil fuels in 2016 is down substantially from last year, when a record $348.5 billion was dedicated to projects.

Energy Storage Would Get U.S. Tax Credits in Bipartisan Bill
Energy storage would gain access to the same tax incentives that helped make renewable energy the biggest new source of electricity in the U.S. last year under a bill introduced in the Senate.

Upcoming Events
Intro Energy & Water Finance Course

Intro Property Assessed Clean Energy (PACE) Finance Course
Energy Finance News

New Rules for Lessees of Investment Tax Credit Property
Lexology | Aug. 3 | Energy Finance | Federal | Tax Credits

CA Governor Blasts Lenders over Failure to Embrace Green Initiatives
Mortgage Professional America | Aug. 2 | Energy Finance | Green Finance | Property Assessed Clean Energy Bonds (PACE)

Nuclear Industry Seeking Tax Credit Extension
Bloomberg | Aug. 2 | Energy Finance | Tax Credits

Nuclear Industry Seeking Tax Credit Extension
Bloomberg BNA | Aug. 1 | Energy Finance | Tax Credits

Residential Solar Boom in UT Raises Concerns Over Incentives
Utility Dive | Jul. 28 | Energy Finance | Incentives | Tax Credits

County Program Offers Funds to Upgrade Buildings in AR
Arkansas Democrat-Gazette | Jul. 28 | Energy Finance | Green Finance | Local Finance Program

New FL PACE Program to Debut
The Bond Buyer | Jul. 28 | Bond Finance | Energy Finance

Bank of America Shows Path to Energy Savings and Community Development
ACEEE | Jul. 28 | Energy Finance | Federal | Green Finance

OH Hospital Receives $2.1M in QECB's for Conservation Project
The Logan Daily News | Jul. 28 | Bond Finance | Energy Finance | Qualified Energy Conservation Bonds (QECBs) | Qualified Energy Conservation Bonds (QECBs)

MI PACE Program Helps Facilities Finance Energy-Saving Upgrades
C & G News | Jul. 28 | Energy Finance | Federal | Green Finance | Property Assessed Clean Energy Bonds (PACE)

Berkeley Will Give Hotel Project a $13M Tax Break
San Francisco Business Times | Jul. 28 | Economic Development | Energy Finance | Tax Credits

CleanFund and Soligent Partner to Facilitate Financing of Solar Energy Systems
AltEnergyMag | Jul. 28 | Energy Finance | Green Finance

OK Struggles with the Success of Its Renewables Tax Policy
North American Wind Power | Jul. 26 | Energy Finance | Green Finance | State Finance Program | Tax Credits

How Milwaukee Is Brewing Energy Efficiency, Financial Innovation
Green Biz | Jul. 25 | Energy Finance | Green Finance

Energy Department Catalyzes NM Solar Boom
U.S. Dept. of Energy | Jul. 25 | Energy Finance | Green Finance | State Finance Program | Tax Credits | U.S. Dept. of Energy (DOE)

Solar Project Proposed by Farmers RECC Provider
Glasgow Daily Times | Jul. 25 | Energy Finance | Green Finance | Infrastructure Finance

What Would a Best-Case US Infrastructure Agenda Look Like?
The Bond Buyer | Jul. 21 | Bond Finance | Brownfield Financing | Energy Finance | Infrastructure Finance

LA Residents Hit Limit on Solar Energy Tax Credits
The Roanoke Times | Jul. 21 | Energy Finance | Green Finance | Tax Credits

USDA to Help OR Rural Businesses Boost Renewable Energy
U.S. Dept. of Agriculture | Jul. 19 | Energy Finance | Rural Development | USDA Rural Energy for America Program Grants (REAP Grants)

State Approves Fiberight's Trash-To-Energy Facility in Hampden
Portland Press Herald | Jul. 18 | Energy Finance

Clean Energy Rankings Reveal 'Unprecedented Shift' in Power Sector
Utility Dive | Jul. 18 | Energy Finance | Green Finance | Infrastructure Finance

Coventry Shines on List of Towns Promoting Solar Panels
Journal Inquirer | Jul. 18 | Economic Development | Energy Finance | Green Finance | Infrastructure Finance

Imperial Irrigation District Has a New Rooftop Solar Plan
The Desert Sun | Jul. 18 | Energy Finance | Green Finance | Infrastructure Finance

What Role Should Utilities Play in Spreading Clean Energy to All?
Utility Dive | Jul. 18 | Energy Finance | Green Finance | Infrastructure Finance

FL Realtors Back Solar Tax Exemption
Builder News | Jul. 18 | Energy Finance | Green Finance | Infrastructure Finance | Legislative

USDA to Help 20 Rural NE Businesses Boost Renewable Energy
KTIC | Jul. 14 | Energy Finance | Rural Development | U.S. Dept. of Agriculture (USDA)

Lynchburg College Cashes in $340K in Energy Credits
WSET Lynchburg | Jul. 13 | Energy Finance | Green Finance

Highlights from the Online Resource Database

Lending for Energy Efficiency Upgrades in Low-to Moderate-Income Communities
Energy Finance
This paper analyzes Bank of America's $55 million initiative to provide low-cost funding and grant support to advance energy efficiency investment in low- to moderate-income communities. The funding supported community development financial institutions (CDFIs) in developing and enhancing efficiency programs for residential, commercial, and multifamily buildings.

Commercial Property Assessed Clean Energy (PACE) Financing
Energy Finance | Green Finance
Commercial Property Assessed Clean Energy (PACE) financing is an innovative program designed to incentivize commercial businesses to undertake green efforts.

Best Practice Guidelines for Residential PACE Financing Programs
Energy Finance | Green Finance | U.S. Dept. of Energy (DOE)
The revised Dept. of Energy guidelines focus on best practices for program design, including consumer and lender protections; compatibility of PACE with other energy efficiency programs and services; minimum contractor requirements and performance standards; and evaluation of program outcomes, including cost effectiveness, energy savings, and non-energy benefits such as improved health and comfort. - July 19, 2016 Update

Clean Energy Financing from the Dept. of Energy
Energy Finance | U.S. Dept. of Energy (DOE)
The Department of Energy's Loan Programs Office has more than $40 billion in authority to finance innovative clean energy projects and advanced technology vehicles manufacturing. 


The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private, and non-profit entities alike. For more information visit CDFA.net or email info@cdfa.net


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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