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HOUSTON LAUNCHES PROPERTY ASSESSED CLEAN ENERGY (PACE) PROGRAM

HOUSTON LAUNCHES PROPERTY ASSESSED CLEAN ENERGY (PACE) PROGRAM
Mayor Sylvester Turner and the Texas PACE Authority today announced the launch of a

commercial Property Assessed Clean Energy or PACE program in Houston, providing an

additional tool for Houston property owners to finance energy efficiency, renewable energy, and

water conservation projects.

“We are thrilled to launch Houston’s PACE program,” said Mayor Sylvester Turner. “PACE is an

innovative way to help spur efficiency investments in Houston’s building infrastructure that

would otherwise have been capital intensive. Between the long­term utility savings and the

energy and water conservation benefits, it’s a win­win for our community.”

PACE is a nationally­renowned, voluntary financing program that allows owners of commercial,

industrial, and multi­family residential properties (with five or more dwelling units) to obtain

low­cost, long­term loans for water conservation, energy­efficiency improvements, and

distributed generation.

In exchange for funds provided by a private lender to pay for the improvements, the property

owner voluntarily requests that the local government place an assessment secured with a senior

lien on the property until the assessment is paid in full. As PACE assessment payments are

generally offset by the project’s utility cost savings and the term of PACE assessments may

extend up to the projected life of the improvement, improvements financed through a PACE

program may generate positive cash flow upon completion without up­front, out­of­pocket costs

to the property owner.

The State of Texas authorized municipal and county PACE Programs in 2013. Houston City

Council adopted a resolution establishing a Houston PACE program on November 4, 2015. To

date, PACE programs are being set up in four Texas counties (Travis, Williamson, Cameron,

and Willacy) and two cities (Houston and Dallas).

To learn more about Houston’s PACE program or submit an application, visit

www.texaspaceauthority.org.
 

Lone Star College awarded grant to help first time in college students succeed

Lone Star College awarded grant to help first time in college students succeed

HOUSTON (July 19, 2016) –  Lone Star College will partner with AmeriCorps Texas to build a mentoring program for first generation college students. The program will be dev...

Service Interruption Planned For METRORail Green/ Purple Lines To Make Way For Super Bowl Preps

Downtown Houston is busy with preparations for Super Bowl LI including work at the Marriott Marquis, Houston First  and Texaco buildings.  Those various construction proje...

What They’re Fighting Over

What They’re Fighting Over

By Lee H. Hamilton

Barring a surprise at the Republican National Convention in Cleveland later this month, the race for the presidency is set. So this seems a good time to...

Mayor Turner Appoints Interim Housing Director

Mayor Turner Appoints Interim Housing Director
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