Thursday, May 20, 2021
12:00 pm - 1:30 pm
Location: Online - Zoom Video Conference
Credits: 1.0 Hour Substantive
Moderator(s): Marc D. Jonas, Esq. & Bernadette Kearney, Esq.
Speaker(s): John Costlow, Sustainable Energy Fund: Jonathan Spergel, Esq., Manko Gold; Stephen Arriivello, Axel Capital Group; Rebecca Swanson, Montgomery County Redevelopment Authority
Topic: C-PACE is a new, fast-growing financing tool for construction or renovation of commercial and industrial buildings. C-PACE loans are designed to fund up to 100% of energy efficiency or renewable energy projects, helping the property owner lower their future energy costs while benefitting from lower-cost, more flexible financing.
In 2019, Montgomery County enacted its own C-PACE program and the Montgomery County Redevelopment Authority is actively engaged in facilitating funding requests. As C-PACE becomes more widely used, attorneys, developers, and lenders must learn the regulatory framework and local guidelines for this unique financing tool. The panel, including a C-PACE capital provider, an experienced C-PACE administrator, and an environmental and energy law attorney, will provide a dynamic overview of the benefits and challenges of C-PACE and how to use it for Montgomery County projects.
Topics to be covered include:
o C-PACE Basics:
o Why use C-PACE?
o Eligibility requirements
o Project approval process
o C-PACE Process:
o Structuring and documentation of transactions
o Repayment through additional assessment on property taxes
o Legal issues, including lender consent
o C-PACE Success Stories:
o A discussion of the current state of the C-PACE market and recent successful C-PACE transactions.
Registration: You MUST be logged in through computer or tablet to receive CLE credit.
Online Registration for this CLE is not available at this time. Please contact the bar association if you have questions at 610-279-9660, ext. 200.