At a time when traditional bank financing and commercial lending is still a tough market for many businesses, Property Assessed Clean Energy (PACE) financing can provide a unique opportunity for growth in the commercial and distressed real estate sectors. We are seeing a flurry of activity around commercial energy efficient projects, the passage of PACE-enabling legislation in over 30 states, and widespread efforts to implement commercial and residential PACE financing programs.

In practice, however, PACE financing of renewable energy and energy efficiency upgrades has run into some critical setbacks. The nature of the first priority lien imposed by PACE improvements and the lack of certainty in PACE lending practices and standards leads some mortgage providers and regulatory agencies, including the Federal Housing Financing Agency, to view PACE financing as too risky.

Join us as our panel discusses the challenges states and enterprises face in adopting PACE enabling legislation, implementing PACE programs, overcoming priority lien fears and developing a path for moving forward in PACE financing.

Program

12:00 PM – 12:30 PM | Registration and Lunch (Philadelphia only) 

12:30 PM – 1:30 PM | Seminar

Moderator

Kimberly D. Magrini, Energy and Project Finance Group, Ballard Spahr

Panelists

Jacob B. Carlton, Housing, Ballard Spahr

David Gabrielson, Executive Director at PACENow

Michael Gaughan, PNC Capital Markets LLC

For more information, contact Lisa M. Prickril at 215.864.8252 or prickrill@ballardspahr.com.

Related Practices

Energy and Project Finance 
Climate Change and Sustainability 
Environment and Natural Resources
Public Finance
Real Estate Finance and Capital Markets 
Transactional Finance