C-PACE Program Administrator

Description

As North Carolina Commercial Property Assessed Capital Expenditure (C-PACE) Program Administrator you will serve as the central hub, ensuring compliance with state and local laws, reviewing project eligibility, and coordinating between property owners, capital providers (lenders), and local governments. Verify project eligibility to ensure compliance with program guidelines and facilitate the approval of projects that meet state guidelines.

• Administer the North Carolina C-PACE Program (the “Program Administrator” or “PA”).
• Responsible for all program administration tasks. The PA will provide all services related to accepting, processing, and approving applications through closing funding for eligible projects.
• The PA will also be responsible for coordinating outreach and education activities with local governments and other community partners. Additionally, the PA will work with local governments to complete execution of documents by a designated local official and recording the loan obligation on the property in the appropriate land records.
• A Program Guidebook, inclusive of C-PACE application forms, and administrative documents have already been developed. The PA will administer the Program as designed.
• PA participation in the development, launch and successful Program operations shall include attendance at meetings to discuss the proposed approach, responsibilities, and timeline for the Program.
• Local Government Opt-In – The PA will support the state in educating local governments about the benefits of participating in the NC C-PACE Program. The PA will work with participating local governments to opt into the Program through the passage of local legislation.
• Application Processing - the PA shall be responsible for reviewing the project applications for completeness, for internal consistency, and for any errors. The PA shall retain records for each application, confirmation of eligibility requirements of data, approval, and subsequent processing. Individual property and project underwriting will be performed by an applicant’s capital provider. The PA will be expected to confirm that an application contains the materials indicated in the Program Guidebook and approve the application if the minimum requirements have been met.
  
  Upon final approval of application, the PA shall work with local government to execute documents by a designated local official and record the special assessment in the real property records.
• Procedures – prepare a standardized sequence of events and responsibilities related to each loan, including, but not limited to application, approvals, recording, project completion, and release of the special assessment.
• Monitor and coordinate all components of the Program related to the development and ongoing management of the Program administration.
• Data Management – Maintain database of all Program loans, terms, special assessment amounts, lenders, and status. The PA must perform periodic backup of Program Data that can be recovered at any point in time as needed to restore data that was either lost or damaged.
• Documentation and Training – the PA should fully document relationships and contacts, and other relevant information not otherwise captured in other C-PACE project documentation.
• Education and Outreach – Develop education and marketing information tools for Program promotion. Engage with contractors, industry, economic development, and property owner groups to promote Program funding and opportunities for local projects.
• Program Website – Provide content for the C-PACE Program website. Develop and support the website for program information.
• Respond timely and fully to inquiries for resource information to contractors and property owners for submission of applications.
• Annual Report – Submit an annual report to the North Carolina Department of Commerce.

• Relevant experience in commercial property development and commercial property financing
• Experience working with state and local governments establishing C-PACE programs or other economic development programs
• Familiarity with C-PACE program design…