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On June 14, 2013, Governor Rick Perry signed the Texas PACE Act, creating a limitless opportunity to conserve Texas' natural resources and create
$400 million in new economic activity in Texas to date
in commercial, industrial, and multifamily properties
(including HUD and FHA multifamily properties).
To make the most of the opportunity, a group of 130 volunteers built a model of uniform best practices in program administration, underwriting, and technical standards, called PACE in a Box. Over the past 10 years, 90 local governments have adopted this quality program and volunteers continue to manage the PACE in a Box model.
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