FOR IMMEDIATE RELEASE
November 18, 2019
Virginia PACE Authority, with support from PACE Financial Servicing and Slipstream, designated Program Administrator of Fairfax County, VA.
Fairfax County, Va. – Fairfax County has become the fifth jurisdiction in the Commonwealth of Virginia to initiate a C-PACE program through the passage of a C-PACE enabling ordinance and selection of a program administrator. The Fairfax County Board of Supervisors approved its enabling ordinance on March 19, 2019. The County issued RFP2000002866-2 to procure a third-party program administrator, to which the Virginia PACE Authority responded and was subsequently awarded a contract on November 14, 2019.
The Virginia PACE Authority (VPA) provides Commercial PACE (C-PACE) program administration services exclusively for Virginia cities and counties. VPA is currently the program administrator for Loudoun County and the City of Petersburg. VPA is committed to implementing an open market C-PACE program model known as “VA-PACE” as a cost-effective, streamlined alternative for financing energy efficiency, renewable energy and resiliency projects. Abby Johnson is the founder and Executive Director of VPA. She is recognized nationally as a C-PACE expert and has worked since 2014 to implement C-PACE in Virginia. Abby was instrumental in getting C-PACE legislation passed in Virginia in 2015 and 2019 and is supported by her Board of Directors consisting of C-PACE experts from the lending, legal, and energy contracting fields.
Both PACE Financial Servicing (PFS) and Slipstream support Ms. Johnson’s efforts in Virginia. PFS designs, implements, and administers C-PACE programs throughout the country and will assist with marketing and loan servicing for the Fairfax C-PACE program. Slipstream is also a nationally recognized program administrator and will support VPA in application management and technical review through their C-PACE technology platform.
In accordance with the terms of their proposal to administer the Fairfax County C-PACE Program, VPA is the lead contractor while PFS and Slipstream will support its efforts in marketing and implementing the program.