DC's Municipal Investment Fund Project Kick-off and Stakeholder Convening

DC's Municipal Investment Fund Project Kick-off and Stakeholder Convening

Audience for this session: MIF Project partners together with private sector and non-profit lenders, energy consultants, project developers, building owners and industry associations

New Location: DC Green Bank, 1140 19th St NW, Washington DC 20036 with virtual attendance for presentations and discussions.

Food and Beverage (TBC):

Breakfast - Call Your Mother bagles and schmear

Lunch - Bub & Pop's sandwhiches and salad

Agenda:

• Attendee introductions + Ice Breaker (20-30 min)
• DC Municipal Investment Fund Partnership and Project: Unveiling the Purpose (20 mins)
• Introduction to Municipal Investment Fund and Coalition for Green Capital (15 mins)
• Strategic Goals and Partnership Plan Development (20 mins)
• Understanding the DC Green Bank (30 mins)
• Performance Matters: Driving Value and Compliance (15 mins)
• Investor Confidence Project + IREE Certification (20 min)
• Lunch and Networking (1 hour)
• Discussion of Proposed Public Private Program Structure (1hour)
• Barriers Breakout Activity (1 hour)
• Next Steps + Roadmap of Next Workshops (10–15 min)

Session Description: This kick-off convening is open to all potential public and private stakeholders interested in assisting DC in the development of it's MIF Public Private Partnership Plan and learning more about how to utilize the Investor Ready Energy Efficiency (IREE) certification from the GBCI's Investor Confidence Project (ICP).

Partners will solicit input from community and private sector stakeholders to inform the development of standardized project origination protocols that building owners and developers can use to seek financing for projects such as energy-efficient building retrofits, decarbonization projects, and renewable installations.

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 Municipal Investment Fund (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 Investor Ready Energy Efficiency (IREE) certification from the Green Business Certification Inc’s (GBCI's) Investor Confidence Project (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 network of Project Developers and Quality Assurance Assessors 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.

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Host or Publisher Department of Energy & Environment