Ian Wilkin
Username
Ian Wilkin
Proposer First Name
Ian
Proposer Email
ian.wilkin@nuveen.com
Proposer Last Name
Wilkin
Proposer Phone
(917) 796-2944
Proposer Job Title
Marketing and Communications Associate
Proposed Session Description
Proposal to lead an educational session on the opportunity represented by commercial PACE (C-PACE) financing. The session will cover basics of C-PACE financing from applicable property types and approved energy saving/renewable measures to the distribution of funds to contractors to repayment through the property tax structure. By attending this session, participants will learn about C-PACE, what it is, how it works and how C-PACE can finance a diverse set of efficient energy sources. They will also learn how to get started with C-PACE and how to access resources for learning more about the program.
Why is this session important?
Recent legislation passed by the NYC Council (Local law 97) is putting tremendously strict new requirements on commercial buildings (including non-rent controlled multifamily) beyond benchmarking to reduce energy consumption and GHG emissions. C-PACE was adopted by the City simultaneously (Local law 96) to act as a ‘carrot’ for property owners to have a source of funds available to make the necessary capital improvements to meet these requirements. More info on the C-PACE ordinance here: https://council.nyc.gov/data/green/ We will discuss how C-PACE works and how it can be used as a financing tool for green new construction, retrofits and help building owners comply with Local Law 97.
Learning Objectives
Participants will be able to learn about C-PACE financing
Participants will learn how C-PACE can be used as a tool for green new construction projects and for compliance in local ordinances (with examples)
Participants will learn about details on particular case studies, i.e. the measures and installations, as well as verification of proposed energy savings
A discussion of “what’s in it for the municipality” and what are the responsibilities of each party (property owner, taxing municipality and lender)
Has this session been presented before?
No
NYC 2022 Areas of Focus
Session Format
Interview or structured conversation among panelists
Lightning Round (several brief idea pitches followed by discussion)
Strongest Content Connection - NYC 2022
Comments about your speaker roster
Jessica Bailey, a developer of the nation's earliest commercial PACE financing program and co-founder of Nuveen Green Capital, proposes to lead an educational session on the opportunity represented by commercial PACE (C-PACE) financing the state legislated program becomes available in more states each year.
Reviewer 1
Cosway, Paul
Proposal #
112
Committee Decision
Rejected