C-PACE Alliance Origin
As more state and local governments embrace C-PACE financing, industry stakeholders are often asked:
C-PACE capital providers and service providers (such as attorneys and accountants) are situated with a nationwide view on the range of C-PACE programs. As they do business in different jurisdictions, capital providers and service providers have a close, first-hand experience with each program, from inception to closing. Although local program processes and requirements vary, they must all be satisfied before investors and their advisors can complete a transaction.
After many states and localities asked similar questions, a working group of capital providers published Elements of a Well-Designed C-PACE Statute and Program to Attract Private Capital and Foster Transaction Volume in 2018.
The positive reception to the white paper led to the idea of the C-PACE Alliance, a business association dedicated to achieving the public benefits of C-PACE by increasing the volume of quality C-PACE transactions.