Our main focus at this point is building out New Jersey PACE, an open-market platform for commercial PACE deals anywhere in the state. The critical amending legislation (A2579/S1510) passed at the end of June; we are now waiting for the front office review and the Governor’s signature. In the meantime we reviewing and revising parts of our web presence to make them more accessible and self-evident. We anticipate a significant backlog of projects once the law is signed, and we want to make the process as easy as possible for everyone to understand and implement.
At the same time, CRCS as an engine of change is continuing to evolve new projects – some our own, built on or around the PACE model; and some from others, such as Dr. Delton Chen’s Global4C project, which is attracting worldwide attention. We’re gradually getting into various models of “fiscal sponsorship” for organizations and projects that we see as compatible with or related to our mission. In most cases — such as our Regenerative Cohousing initiative — our goal is to bring these projects in-house, under our own umbrella; but in a couple of instances we may support fledgling organizations until they get their own IRS exemption.
Finally, we’re exploring further opportunities for individuals to profit from the transition to renewable energy — from the bulk purchase of green energy, the installation of solar with no upfront cost to the property owner, to the use of PACE in underserved communities and distressed neighborhoods. Stay tuned.
