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Green Bank Development Phase II

Grants to Washington, DC Nonprofits, Agencies, Faith-Based,
IHEs, and Businesses to Develop a Sustainability-Focused Bank

Agency Type:

State

Funding Source:

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District of Columbia Department of Energy and Environment (DOEE)

Deadline Date:

11/05/18 4:30 PM

Description:

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Grants to Washington, DC nonprofit and faith-based organizations, private enterprises, government agencies, and universities or educational institutions to further development of a sustainability-focused bank. The bank will facilitate investment in green infrastructure and clean energy technology.

The purpose of this grant program is to propose to DOEE solutions for identifying the services that are necessary to stand up the DC Green Bank. DOEE is looking for a grantee who can propose solutions for identifying and formulating both organizational structures and financial products that support the DC Green Bank’s mission. The applicant should propose methods to identify and formulate the deliverables necessary for organizational development, as well as the structures necessary to run the operations of the DC Green Bank.

The grantee will make recommendations to implement the market assessment and product development grant work that has already been performed as part of an earlier grant project, in order to implement and launch financial products and market engagement. The grantee will provide solutions that further the DC Green Bank’s mission of using limited public funds to catalyze private sector investment in sustainable projects that promote the achievement of the Clean Energy DC Plan.

Upon appointment of the Board of Directors, the DC Green Bank will launch a financing program that seeks to overcome existing market barriers for investment in sustainable projects though market support and financing activities. Applicants are expected to outline the work to be developed as part of the grant and provide DOEE with answers to three questions:
1. What further analysis, development, and documentation are needed to prepare the financial products and services for market readiness and approval by the Board of Directors?
2. What organizational structure and guidance documentation should be in place to ensure the DC Green Bank can function effectively and in line with peer institutions?
3. What outreach and engagement with community stakeholders will ensure the successful start-up of the Green Bank?

So far, DOEE has performed extensive, though not conclusive, interviews of a number of stakeholders. Through that process it has identified three products as most suited to the DC’s green energy financing needs that could be launched in the short-term. Initial term sheets have been developed for select products, but additional detail and discussion with lending institutions will be necessary before they are market ready. Those selected products include:
a) A residential whole home energy efficiency and solar loan;
b) Credit enhancement for commercial energy efficiency upgrades; and
c) A bridge loan for commercial solar and community solar projects.

In addition, the DC Property Assessed Clean Energy (PACE) program, currently administered by a contractor to DOEE, will be moved under the management of the Green Bank. DOEE seeks to understand if any gaps exist in the marketplace, how the Green Bank could fill those needs, and how products and services should be further developed. This includes how the Green Bank will work with existing loan programs, how all Green Bank products and services can best integrate with existing District Government programs, including the Sustainable Energy Utility, Solar for All and/or the Stormwater Retention Credit trading program, and how best practices from other jurisdictions could be replicated in the District. Recommendations should be provided to advise the Green Bank for how to best offer technical assistance and market education.

The DC Green Bank will require similar policies to other green banks, but tailored for the unique needs of the District. In Phase 1, some documents and organizational processes were formulated, but these need to be finalized and others still need to be developed. The applicant should propose solutions, procedures, and processes necessary to establish the financial operations of the DC Green Bank. DOEE envisions that, upon appointment, the Board of Directors will review, amend and approve these plans. These may include strategic planning documents, standard operating procedures, transaction documentation, credit and conflict of interest policies, and underwriting guidelines.

Typical allowable costs are:
1. Rental of office space, some vehicles, and some equipment;
2. Employee salaries and benefits;
3. Contractor labor, including professional services;
4. Accounting and bookkeeping services;
5. Communications, including telephone and data services;
6. Printing, reproduction, including signage;
7. Materials and supplies;
8. Computers and printers;
9. Small tools;
10. Some field equipment, typically below $5,000 in value;
11. Postage and shipping;
12. Necessary travel, meals and lodging; and
13. Insurance.

GrantWatch ID#:

GrantWatch ID#: 184489

Estimated Total Program Funding:

$250,000

Term of Contract:

The project is expected to be awarded in early November and the period will end September 30, 2019, the last day of the District Government’s fiscal year. This period can be extended and additional funding provided, depending upon the performance of the Grantee, and the availability of funds, and the District’s need to expand the project.

Additional Eligibility Criteria:

The following are eligible to apply:
-Nonprofit organizations, including those with IRS 501(c)(3) or 501(c)(4) determinations;
-Faith-based organizations;
-Government agencies
-Universities/educational institutions; and
-Private Enterprises.

An applicant may be a group, a team, or an individual entity. DOEE expects to see applicants who can liaise with knowledgeable participants from multiple disciplines, including those with experience in launching green banks.

In the case of an application for a team of organizations, one lead applicant should be identified as responsible for submitting the application and managing the project during the project period. An application for a team with members from different entities must submit a letter of commitment from each member entity.

Non-Allowable costs include:
1. Most major equipment, like vehicles;
2. Lobbying, including salaries and overheads and out-of-pocket expenses;
3. Entertainment;
4. Interest payments on loans;
5. Most food; and
6. Land purchases

Pre-proposal Conference:

An informational meeting/conference call and opportunity for question and answers will be held on 10-11-2018 11:00 A.

The location of the meeting will be:
1200 First ST NE
Washington, DC 20002
Fifth Floor

The call number is (877) 784-3995 and conference code is 3127831.

Pre-Application Information:

DOEE welcomes questions seeking clarification of matters in this RFA. The cut-off date for receipt of any questions is one week prior to the application deadline.

All applications must be received by 4:30 p.m. on 11/5/2018.

DOEE expects to notify each Applicant in writing of its award status within six to twelve weeks after the application due date.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

DOEE can be contacted about this RFA by:
- Emailing 2018GFAdevelopment.grants@dc.gov with “RE: RFA 2018-1822-DIR" in the subject line;
- In person by making an appointment with (Jay Wilson at (202) 535-2266 and mention this RFA by name); or
- Write DOEE at 1200 First Street NE, 5th Floor, Washington, DC 20002, Attention: Jay Wilson RE: RFA 2018-1822-DIR on the envelope.

Submit applications to:
District of Columbia Department of Energy and Environment
RFA – Grants
1200 First Street NE
5th Floor
Washington, DC 20002
Attn: RFA 2018-1822-DIR

Email an electronic copy, formatted as a .pdf file, to: 2018GFAdevelopment.grants@dc.gov

URL for Full Text (RFP):

Geographic Focus:

USA: Washington, DC