Come join us!
The MD-PACE Program is proud to participate in two upcoming MAPA-hosted events on C-PACE financing in the DMV. The first is a webinar on new construction followed by an event hosted with the US Green Building Council the following week on C-PACE as a green building tool.
C-PACE Financing for New Construction
What is it? This is a webinar on using C-PACE in new construction projects across the DMV, with a particular focus on how new construction requirements differ between Washington, DC, Maryland, and Virginia.
When is it? March 5th, 2019 at 12:00 pm ET
Where is it? Webinar
Why does it matter? C-PACE is a powerful tool to fund new construction measures. Many assume that C-PACE, due to its requirement to improve the energy efficiency of a building, can only be used on existing properties. In fact, C-PACE can be used to fund new construction projects in most jurisdictions across the country, especially here in the DMV. C-PACE provided $25 million of funding for D.C United’s Audi Stadium in Washington, DC. While the sky is the limit, C-PACE is also a method of replacing expensive debt in the capital stack of a typical new construction project (such as an office building or multi-family apartment building) with more affordable financing. The inclusion of C-PACE in a capital stack reduces the weighted average cost of capital of a project and increases returns. Attend this webinar, hosted by the U.S. Department of Energy, to learn how you can use C-PACE in your next new construction project.
C-PACE as a Green Building Tool
What is it? An interactive presentation by three MD-PACE program administrators in the DMV, hosted by the U.S. Green Building Council (USGBC)
When is it? March 12th, 2019 at 9:00 am ET
Where is it? USGBC Headquarters, 2101 L Street Northwest, Suite 500, Washington, DC 20037
Why does it matter? Learn how Commercial Property Assessed Clean Energy (C-PACE) financing can be used to support building retrofits, gut rehabs, and new construction projects seeking to meet LEED or other accreditation. The session will cover how building managers, engineers, architects, and others can access C-PACE programs in the DMV region in support of their organization’s or client’s needs and review successful case studies of high-performing buildings that used PACE.
The Mid-Atlantic PACE Alliance (MAPA)
The Mid-Atlantic PACE Alliance is a partnership between stakeholders in Virginia, Maryland, and the District of Columbia to accelerate the implementation of Commercial PACE programs and projects in the region. Through collaboration between the Virginia Department of Mines, Minerals, and Energy (DMME), the District of Columbia Department of Energy and Environment (DOEE), the Maryland Clean Energy Center (MCEC), and other industry and non-for-profit partners, they hope to be a resource for the green building community. The MD-PACE Program has been represented in MAPA since its establishment in last 2016.