The New Jersey Economic Development Authority (NJEDA) is getting closer to launching the new Garden State Commercial PACE program by posting some of the final documents while leaving others, including the key opt-in document for municipalities, to be published “in Read More …
On October 9th, 2024, the Garden State C-PACE Program received approval from the NJEDA Board. The Authority anticipates the revised Program Guidelines to be uploaded to this site on October 24th. (https://www.njeda.gov/c-pace/) NJEDA Posts Informative Press Release on New C-PACE Read More …
Wednesday, October 8, 2024 — The Board of NJ’s Economic Development Authority (NJEDA) today approved the guidelines and regulations of the Garden State C-PACE Program, opening the door to the official publication of the program’s rules at the NJEDA’s website, Read More …
What You Can Do with C-PACE in NJ: Benefits for Owners, Developers, Investors, and The Community New Jersey is about to get C-PACE (Commercial Property Assessed Clean Energy), a paradigm-shifting financing tool for driving economic development and jobs while decarbonizing our Read More …
The New Jersey Economic Development Authority (NJEDA) has posted revised guidelines for retrofit projects, along with supplemental guidelines for new construction and refinancing, with a deadline of June 5th for final comments. After review by the Authority and the Attorney-General’s Read More …
Come to our In-Person C-PACE Financing Panel with NJEDA CEO Tim Sullivan at the 2024 NJ Future Planning & Redevelopment Conference In our opinion, the NJ Future Planning & Redevelopment Conference is the industry’s most anticipated event of the year for the Read More …
The largest C-PACE office loan ever was completed this summer for sustainability upgrades at 300 Lakeside Drive in Oakland, Calif. According to Patricia Kirk at Commercial Property Executive, C-PACE loans are at an all-time high because they’re amongst the most Read More …
In the last section we covered the proposed fees associated with the program administration. In this section we cover possible municipal and county programs, which the guidelines refer to as Local C-PACE Programs. All C-PACE programs must be adopted locally Read More …
In the last post, we looked at the Technical Evaluation and Review requirements; in this section we look at the Agency’s proposed fees. These are laid out in the table below. To summarize, there’s an initial application fee of $1000. Read More …
In our last post, we addressed the project process, as currently detailed in the draft guidelines. In this section we look at the Technical Evaluation and Review requirements. The standards in the current draft (V. 2) apply only to retrofits, Read More …