The Commonwealth of Massachusetts Executive Office for Administration and Finance (âA&Fâ) is seeking a firm to provide as-needed financial advisory services on an array of issues related to creating a public lending and bridge financing program for municipalities in Massachusetts to accelerate deployment of clean energy projects eligible for Direct Pay treatment under the Inflation Reduction Act. These issues include, but are not limited to, guidance on: the development of an operations strategy, the creation of lending product lines, attracting various sources of private and public capital and federal funding, and other policy and operations matters related to initiating a public lending program. The financial advisor will be required to perform analysis, develop a strategic implementation plan, and provide recommendations to executive leadership that will be used to inform A&F decision making. The advisor will be expected to consider key factors in its analysis, including but not limited to, municipal demand for start-up financing for federal tax credit-eligible clean energy projects, common financial and technical assistance challenges that municipalities face when seeking to secure financing for local infrastructure projects, public finance best practices and legal requirements, and comparisons to other states.
