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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 that allows the private sector to take advantage of some special financing tools for major renovations such as HVAC repairs, water conservation efforts, etcetera.” He told the council the amendment aligns Abilene’s PACE applications with legislative updates that now add HUD and FHA participation.
Supporters at the meeting said the program primarily serves commercial and industrial properties but that the updated application language extends eligibility to some multifamily properties (five or more units). Littlejohn said the city has minimal oversight under the program and that one local property owner is already pursuing PACE financing.
Councilman Travis Craver moved the ordinance amendment; Councilman Yates seconded. The mayor called the vote and the motion carried with council indicating all yeses.
Why it matters: PACE financing spreads the up-front cost of building upgrades over time and can make energy- and water-saving retrofits affordable for property owners. Adding HUD/FHA participation may expand the range of projects and financing products eligible under local PACE administration.
Next steps: Staff noted a representative from the Texas PACE Authority was present for any detailed follow-up and can work with affected property owners on applications.
