Anne Babineau has assembled a distinguished and experienced group of professionals to present a more detailed program on Commercial Property Assessed Clean Energy (C-PACE), a new financing tool for redevelopment that was briefly introduced at the January 2026 Redevelopment Institute. Christopher Hopkins, a transactional attorney with experience in obtaining financing for development and redevelopment projects, will moderate this New Jersey State Bar Association CLE program on June 2.
- Drawing on experiences from jurisdictions outside of New Jersey where C-PACE is already actively relied upon, members of the panel will examine how states and localities have used this program to support new construction, retrofits, and resilience improvements through long-term financing repaid as a special assessment. The discussion will address such issues as mortgage lender consent and foreclosure-related issues, and the agreements and protections that have helped senior lenders become more comfortable with the superior assessment lien created through the C-Pace program.
- The program will also explore the role C-PACE can play in capital stacks, including its potential to provide lower-cost, long-term, fixed-rate capital that can reduce reliance on mezzanine debt or preferred equity and help close financing gaps for eligible improvements. The panel will also address how intercreditor agreements and the use of escrows can help to overcome the challenges C-PACE can present, and the need to align program rules with project underwriting and execution timelines
- An EDA representative will focus on the current broad list of uses for which C-PACE proceeds may be available in New Jersey, the even broader statutory language, and where the program may work best, given the requirement for prevailing wage.
- The program will also draw on the experience of a seasoned Tax Collector from one of New Jersey’s largest cities, and General Counsel of the New Jersey Tax Collectors organization, to examine how, as a practical and legal matter, municipalities may benefit from private capital flowing through the special assessment framework, while also confronting the administrative, legal, and implementation issues involved in collection, enforcement, and coordination with existing local processes, including utility assessments.
For more information and to register, please visit the event page.
