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 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 post, we briefly outlined the Garden State C-PACE legislation’s mandate and the reporting requirements. Here we look at the mitty-gritty —the implementation steps contemplated in the legislation. Within 270 days after the effective date of P.L. 2021, Read More …
The previous section noted the key definitions, including those concerning the local programs that the top one-third of municipalities may implement with the approval of the NJEDA (“the authority”). Reporting Requirements Before getting into the substance of the program, the Read More …
In the first of this series, we described the intent of the legislation and the assumptions behind it. So what’s in the legislation itself? Let’s break it down into a few categories: Definitions Program Reporting Requirements The Garden State C-PACE Read More …
Now that implementation of the new Garden State PACE program seems imminent, it’s worth understanding how the program will work. Let’s begin with the law, codified as N.J.S.A. 34-1B-374-382 (“the C-PACE Act”). The first section describes the legislature’s findings and Read More …
The New Jersey Economic Development Authority (NJEDA) has published the preliminary guidelines for the Garden State C-PACE program (here), covering retrofits to existing buildings. RSVP for the Informational Webinar on Friday, April 14 at 10 am here.