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Abilene council updates local PACE program to include HUD and FHA participation
Summary
The Abilene City Council approved an amendment to its PACE program to incorporate HUD and FHA participation after staff said the change reflects recent legislative updates and offers financing tools for major property renovations.
The Abilene City Council on a unanimous vote approved an amendment to the city's Property Assessed Clean Energy (PACE) program to update applications to include participation by the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA).
Tim Littlejohn, director of Planning and Development Services, introduced the item, describing PACE as “an innovative financing program…
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