SERVING COMMUNITIES.
IMPROVING PROPERTIES. INCREASING CAPITAL.
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2019 TX-PACE investment exceeds
previous investment through 2018;
Cumulative TX-PACE Total now $95 Million
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"If you want to go fast, go alone.
If you want to go far, go together.”
-African proverb
on the wall of the United Way in Brownsville, TX.
Thank you to the hundreds of volunteers who've worked since 2013 to create and implement this PACE in a Box program.
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FOUR MORE TX-PACE PROJECTS
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Former XTO Energy headquarters, Fort Worth
$5.8 million will repurpose the 24 story building on the National Historic Register into a Kimpton Hotel. The Transport Life Building is Tarrant County’s 2nd project.
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Continental Gin, Dallas
$5.2 million will repurpose a historic cotton gin in Deep Ellum into an office building. Continental Gin is Dallas’ 4th PACE project.
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Isis Theater, Fort Worth
$2.4 million in PACE financing will bring this historic Theater in Cow Town Fort Worth back to life. The Isis is Tarrant County’s 3rd PACE project.
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Multifamily Housing, Austin
$1.6 million will provide several hundred cost-effective efficiency apartments in the fast growing Austin community. This conversion is Travis County’s 5th project and Texas’ 2nd multi-family PACE project.
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TX-PACE Expands: TPA now serves 46% of the Texas Population in 19 Counties and 12 Cities
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The Alamo Area Council of Governments (AACOG) became the 2nd Texas COG to administer a regional PACE program for all of its participating cities and counties. Texas PACE Authority is honored to support AACOG’s efforts to bring a regional economic development and the environmental benefits, especially the clean air benefits of PACE to its communities. AACOG is working to bring the AACOG PACE program to its counties and cities.
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On August 1, Comal County became the 18th County to establish a PACE in a Box program and the first local government to sign an interlocal agreement with AACOG. Comal County, just north of San Antonio, includes New Braunfels (home of the not-to-be-missed annual Wurstfest), Bulverde, Spring Branch, and beautiful Canyon Lake.
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On August 19, under Judge David Blackburn’s leadership, Bell County became the 19th County to establish a PACE in a Box program, connecting 6 Texas counties along the I-35 corridor. PACE projects are already in development in this growing central Texas County, which includes Belton, Temple, Killeen, and Fort Hood.
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TPA Welcomes Carlton Schwab
to the TPA Board
TPA’s board of directors is delighted to announce that Carlton Schwab, President/CEO of the Texas Economic Development Council since 1999, joined the TPA board. Carlton’s expertise in economic development throughout the state of Texas is a great addition to the governance of the nonprofit.
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For the 2nd time since it was established in April 2015, the TPA board voted to lower fees, as it committed to do when project volume increased and TPA becomes self-sustaining. Effective for applications filed on or after Sept. 10, 2019 the board voted to:
(1) lower the minimal administrative fee from $2,500 to $2,000 to make it easier for small projects to be successful;
(2) add a new .25% tier to lower the administrative fee calculation of amounts above $20 million; and
(3) reduce the annual residual fee by 2 basis points to .08% on the remaining loan amount.
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OCT 18
8:30a - 2:00p | Brownsville, TX
OCT 22
1:15p - 3:30p | Spring Branch, TX
OCT 25
8:45a - 12:00p | San Angelo, TX
NOV 8
8:30a - 4:00p | Mesquite, TX
NOV 12 - 14
Texas Capital Building | Austin, TX
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Texas PACE Authority is a nonprofit organization that advances Property Assessed Clean Energy (PACE) projects in Texas by administering a uniform commercial and industrial PACE program on behalf of local governments. This model approach ensures local governments can establish an effective TX-PACE program quickly and economically, providing a tool for property owners to invest in more efficient infrastructure.
Texas PACE Authority is committed to expand this vibrant program to every region in Texas, working with all parties – property owners, contractors, lenders, and local governments to bring energy and water improvements that are both economically sound and environmentally friendly. To date, 31 local governments have established TX-PACE programs reaching 43% of the Texas population.
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