DC's Municipal Investment Fund - Banks and Lenders Workshop

The Department of Energy and Environment (DOEE) is the leading authority on energy and environmental issues affecting the District of Columbia. DOEE's mission is to improve the quality of life for the residents and natural inhabitants of the nation’s capital by protecting and restoring the environment, conserving our natural resources, mitigating pollution, increasing access to clean and renewable energy, and educating the public on ways to secure a sustainable future. The agency’s core responsibilities include, but are not limited to, enforcing environmental regulations; monitoring and assessing environmental risks; developing energy and environmental policies; issuing permits; and providing residents and local businesses with funding, technical assistance, and information on initiatives designed to ensure a more resilient and sustainable city. We perform all agency mission activities with the highest integrity to uphold the public trust.

Department of Energy & Environment

DOEE, the DC Green Bank and GBCI have partnered to host a series of convenings and workshops as part of the Municipal Investment Fund.

1140 19th St NW

DC's Municipal Investment Fund Project - Banks and Lenders WorkshopAudience for this session: Public, private and non-profit lenders seeking to expand deal flow and network with project developers seeking financing.Location: DC Green Bank 1140 19th St NW, Washington DC 20036 with optional virtual attedance.Food and Beverage (TBC):Breakfast - Call Your Mother bagles and schmearLunch - Bub &amp; Pop's sandwhiches and salad

Agenda (TBC):<ol><li>Attendee introductions + Ice Breaker (20-30 min)</li><li>DC Municipal Investment Fund Partnership and Project: Unveiling the Purpose (20 mins)</li><li>Introduction to Municipal Investment Fund and Coalition for Green Capital (20 mins)</li><li>Current Opportunity &amp; Past Pain Points (20 min)</li><li>Lender Roundtable – “What makes you say no?” (60 min)</li><li>Lunch and Networking (1 Hour)</li><li>ICP &amp; GBCI as Underwriting Infrastructure (1 Hour)</li><li>Co-Design Exercise – “What does a finance-ready project file look like?” (1 Hour)</li></ol>Upcoming Workshops and Next StepsSession Description: This workshop is designed for public, private and non-profit lenders seeking to expand deal flow and network with project developers seeking financing.Full Event List:<ol><li><a href="https://www.eventbrite.com/e/1955804597199?aff=oddtdtcreator" title="https://www.eventbrite.com/e/1955804597199?aff=oddtdtcreator" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Project Kick-off and External Stakeholder Convening</a> – February 4th</li><li><a href="https://www.eventbrite.com/e/1956560106949?aff=oddtdtcreator" title="https://www.eventbrite.com/e/1956560106949?aff=oddtdtcreator" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Banks and Lenders Workshop</a> – February 5th</li><li><a href="https://www.eventbrite.com/e/1956142136789?aff=oddtdtcreator" title="https://www.eventbrite.com/e/1956142136789?aff=oddtdtcreator" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Consultants and Contractors Workshop</a> – March 4th</li><li><a href="https://www.eventbrite.com/e/1976937603590?aff=oddtdtcreator" title="https://www.eventbrite.com/e/1976937603590?aff=oddtdtcreator" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Developers, Owners and Associations Workshop</a> – March 11th</li></ol>

Background: With grant support from the Municipal Investment Fund (MIF), the District of Columbia’s Department of Energy and Environment (DOEE) and DC Green Bank (DCGB) are partnering to develop new underwriting standards rooted in building science to support the financing of qualified projects meeting requirements for the National Clean Investment Fund (NCIF).The <a href="https://icleiusa.org/iclei-cgc/" title="https://icleiusa.org/iclei-cgc/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Municipal Investment Fund</a> (MIF) is a transformative opportunity for communities across the US to develop finance-ready project pipelines that will unlock private investment, create jobs, lower energy costs, and improve life for all Americans. ICLEI-Local Governments for Sustainability USA is partnering with the Coalition for Green Capital(CGC) to offer market-building funding and technical support to help communities — Local governments, Tribes, and their partner not-for-profit organizations — to develop public-private partnership plans that can accelerate the deployment of capital to clean energy projects.Project Description: DOEE and DCGB will host convenings to develop underwriting standards that use <a href="https://www.eeperformance.org/roadmap-to-iree-certification.html" title="https://www.eeperformance.org/roadmap-to-iree-certification.html" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Investor Ready Energy Efficiency</a> (IREE) certification from the Green Business Certification Inc’s (GBCI's) <a href="https://www.eeperformance.org/technical-summary.html" title="https://www.eeperformance.org/technical-summary.html" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Investor Confidence Project</a> (ICP) as the basis for an enhanced lending process for investments in NCIF qualified projects. Hosted by DOEE, GBCI will provide a series of workshops that train stakeholders like local lenders, building owners, developers, and service providers to encourage the adoption of IREE, alongside DCGB, for structured project origination. Feedback from local stakeholders will help DCGB refine lending criteria for DC’s MIF Public Private Partnership Plan, identify potential qualified projects to pilot test IREE certification, and train local project developers in ICP protocols to ensure high-quality project origination procedures become the norm across the region.The project will establish new lending practices by creating a local ecosystem of project developers and third-party reviewers that will generate economic opportunities for local contractors, consultants, and lenders while attracting outside investors and private equity by bringing a new level of certainty to financing energy efficiency opportunities. Creating a financing program utilizing IREE certification and ICP’s existing <a href="https://support.usgbc.org/hc/en-us/articles/4565145390611-Investor-Confidence-Project-ICP#what" title="https://support.usgbc.org/hc/en-us/articles/4565145390611-Investor-Confidence-Project-ICP#what" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">network of Project Developers and Quality Assurance Assessors</a> will intentionally structure a retrofit and decarbonization market that quickly connects qualifying projects with favorable financing terms. Standardizing underwriting terms and origination protocols will generate economies of scale and reduce borrowing costs for owners seeking to implement energy efficiency and decarbonization projects. Reliable project origination standards will also help building owners evaluate origination proposals from contractors and will guarantee owners receive the same quality service with standardized deliverables that meet DCGB program requirements.

<h3>What is ICP?</h3>The Investor Confidence Project (ICP) is a global underwriting standard for developing energy efficiency retrofits for commercial and multifamily buildings. Through Investor Ready Energy Efficiency (IREE) certification, ICP aims to standardize energy efficiency upgrades and transform the energy efficiency market by increasing confidence in the financial and environmental performance of building retrofits.ICP combines the use of a standardized set of technical requirements (the ICP Protocols) and a network of qualified providers to bring rigorous, independent third-party verification to energy efficiency projects. This provides investors, building owners, and project developers a high degree of certainty in projected energy savings and financial returns.Administered by Green Business Certification Inc. (GBCI), ICP was established to address market barriers that inhibit large-scale investments in energy efficiency projects. Following the ICP framework helps organizations invest in projects that improve efficiency, provide a return on investment, and reduce operating costs. By only certifying projects that adhere to rigorous standards and best practices, ICP reduces risk for investors and lowers transaction costs for buyers and sellers of energy efficiency.

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DC's Municipal Investment Fund - Banks and Lenders Workshop

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