MOKAN and Ygrene Energy Fund to Host Information Session for Minority Contractors

Session Entitled “PACE Financing: Growing Your Business” to Take
Place on August 8, 2017 at 4:30 pm

Event is Part of Recent Expansion of the ‘Set the PACE St. Louis’
program, Providing Homeowners Access to Affordable Energy Project
Financing while Creating Good-Paying, Local Jobs and Apprenticeship
Programs for Minority and Women Contractors

ST. LOUIS–(BUSINESS WIRE)–Ygrene Energy Fund, Inc., a leading national provider of PACE (Property
Assessed Clean Energy) financing, today announced that it will co-host,
with MOKAN, an information session for minority contractors in St. Louis
on Tuesday, August 8, 2017 from 4:30–7:30 p.m. at the Set the PACE St.
Louis Office located at 1530 South Second Street.

The session, entitled PACE Financing: Growing Your Business, will
be held in partnership with MOKAN, a St. Louis local minority contractor
association dedicated to workforce development, pre-employment
education, and minority contractor development and inclusion. Ygrene’s
partnership with MOKAN is helping to drive the program’s expanded
minority outreach, workforce training, and apprenticeship programs.

At the information session, St. Louis contractors can learn more about
YgreneWorks™, an award-winning PACE financing program that provides
homeowners with 100 percent upfront financing for a wide variety of
cost-effective, energy efficiency and renewable energy home
improvements. The YgreneWorks program recently came to St. Louis, adding
residential financing to Set the PACE St. Louis, which was launched in
2013 and has completed some of the largest commercial PACE projects in
the region including comprehensive energy efficiency upgrades on
historic buildings and redevelopment of underutilized properties and
vacant buildings to help revitalize the region’s urban core.

“By helping minority contractors nurture and grow their relationships
through educational programs and workforce development, MOKAN aims to
create win-win scenarios for everyone involved,” said Yaphett El-Amin,
Executive Director of MOKAN. “We value the role that PACE plays within
and around St. Louis, and look forward to forming partnerships with
other organizations who are equally committed to improving the region.”

“Our recent expansion to include residential PACE in St. Louis
represented a huge step for this program and we look forward to helping
minority contractors make the best use of these programs,” said Byron
DeLear of Energy Equity Funding, Program Administrator. “Last year, as
part of our plans for growth, we strengthened our partnerships to
compose a robust administration team that brings extensive experience
with capital markets and residential PACE financing.”

Exceeding $4B in project funding nationally, PACE financing has grown in
its appeal due to a track record of attracting private capital (as
opposed to taxpayer funds) to power one of the most successful public
policy and local economic development initiatives in the United States.
More than $3.5B in funding has been for residential properties. This
means approximately nine-tenths of the savings, jobs created and
environmental benefits realized have been due to homeowners and
contractors having access to this innovative financing tool.

About Ygrene Energy Fund

Ygrene Energy Fund is the nation’s leading provider of residential,
multifamily and commercial property assessed clean energy financing. The
award-winning, privately funded YgreneWorks program provides immediately
accessible financing with no upfront payments for energy efficiency,
renewables, water conservation, and, in certain areas, hurricane
protection, electric vehicle charging stations and seismic upgrades.
Ygrene is committed to making it easy for property owners to invest in
their future and a healthier environment. Over the next five years,
YgreneWorks is expected to create tens of thousands of jobs and invest
billions of dollars into local economies. Learn more at ygreneworks.com.

About MOKAN

For more than 39 years MOKAN CCAC has been at the forefront of efforts
to provide opportunities for MBE and WBE contractors on construction
projects in the St. Louis metropolitan area. Since its incorporation in
1974, its mission was and remains today to serve as an advocate and
facilitator for the inclusion of minority and women-owned businesses on
construction projects. MOKAN also assists in strengthening the business
development of contractors through the MOKAN institute. We do all of
this with one single focus: to expand opportunities for growth for
minority and women-owned businesses in the construction trades.

Contacts

Media:
Sloane & Company
Amanda Coyle / Zach Elvove
212-446-1867
/ 212-446-1880