Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lone Star PACE presents 2024 results, highlights Wichita County projects including Panda Biotech
Summary
Lone Star PACE gave the Wichita County Commissioners Court its 2024 annual report, detailing statewide PACE financing growth, projects in Wichita County and how PACE works as long-term, property-secured financing for energy and water efficiency improvements.
Lone Star PACE delivered its 2024 annual report to the Wichita County Commissioners Court on Aug. 8, outlining how property assessed clean energy (PACE) financing has expanded statewide and describing three Wichita County projects that used PACE financing.
The program administrator’s presentation explained why local governments participate: PACE is long-term, private financing attached to a property tax-style assessment rather than public debt. “No public money involved, or administration,” Lee McCormick of Lone Star PACE said.
Lone Star PACE told the court it has closed almost $350 million of PACE financing in Texas and that the product fills gaps in developers’ capital stacks created when senior lenders reduce loan-to-cost ratios. McCormick described PACE as “long term, low cost…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
