Latest news with #LoneStarPACE
Yahoo
3 days ago
- Business
- Yahoo
City of Huntsville Launches New C-PACE Program and Selects Lone Star PACE as Administrator
Program launch marks another significant milestone in expanding access to the sustainable financing tool across Texas. DALLAS, June 18, 2025 (GLOBE NEWSWIRE) -- Lone Star PACE, a leading facilitator of Commercial Property Assessed Clean Energy (C-PACE) financing in Texas, is proud to announce it has been selected as a program administrator for the City of Huntsville's newly launched C-PACE program. This addition brings Lone Star PACE's jurisdictional footprint to 26 cities and counties across Texas. Huntsville City Council voted to approve Lone Star PACE as an administrator during its June 17th meeting. The company is led by registered municipal advisors with experience financing more than $45 billion in public benefit projects nationwide. Since 2020, Lone Star PACE has facilitated $338M in C-PACE assessments for projects totaling $1.5B in value. The City of Huntsville's new C-PACE program will: Allow Lone Star PACE to help property owners in Huntsville access C-PACE financing, which supports resource conservation by funding energy and water-efficient upgrades at commercial buildings. Provide property owners with increased access to flexible, long-term financing that can fill up to 35% of the capital stack, making sustainability upgrades more accessible. Drive redevelopment, attract investment and support Huntsville's economic development goals amid sustained population growth. Promote local workforce development by spurring new projects that require skilled labor in the construction, engineering, and energy-efficiency sectors. Lee McCormick, President of Lone Star PACE, said: 'We're thrilled to bring C-PACE to Huntsville, a community that's experiencing steady growth and economic momentum. C-PACE is a smart, forward-thinking tool that will help the city sustainably manage that growth while attracting new investment and conserving critical resources — all without the use of public funds." Commercial Property Assessed Clean Energy (C-PACE) is a state-enabled program that allows property owners and developers to access low-cost, long-term financing for energy and water conservation systems at commercial buildings. Property owners can use C-PACE to finance new construction, renovations, retrofits or recapitalizations. C-PACE projects are funded through private capital providers and do not rely on taxpayer funds. About Lone Star PACELone Star PACE serves as a program administrator for city and county Commercial Property Assessed Clean Energy (C-PACE) programs in Texas. We help local governments, economic development corporations, chambers of commerce, and trade associations promote economic development and resource conservation by facilitating C-PACE projects alongside property owners, capital providers, contractors, and other stakeholders. Our goal is to promote sustainability as well as increased property values while positively impacting cash flow and utility savings. If you have a project that could benefit from C-PACE financing, contact Lone Star PACE today. Media Contact: Olivia Lueckemeyer Director of Marketing & Media Relations, Lone Star PACE Olivia@
Yahoo
27-05-2025
- Business
- Yahoo
Lone Star PACE Selected as an Administrator of North Central Texas Council of Governments' Regional C-PACE Program
DALLAS, May 27, 2025 (GLOBE NEWSWIRE) -- North Central Texas Council of Governments (NCTCOG) has selected Lone Star PACE to serve as an administrator of its newly launched Commercial Property Assessed Clean Energy (C-PACE) program, marking a significant step toward expanding sustainable development across the rapidly growing North Texas region. C-PACE is an innovative financing mechanism that enables commercial property owners to fund energy efficiency, water conservation and renewable energy improvements through long-term, fixed-rate financing repaid via a voluntary property assessment. This approach allows property owners to undertake substantial building upgrades without upfront capital, often resulting in improved cash flow and increased property value. Lee McCormick, President of Lone Star PACE, said: 'We are honored to partner with NCTCOG in bringing a unified C-PACE program to North Texas. This regional approach simplifies access to sustainable financing, fostering economic development and resource conservation across multiple jurisdictions.' The introduction of a regionwide C-PACE program is poised to deliver significant sustainability benefits. By facilitating energy and water efficiency upgrades, the program supports the conservation of vital natural resources that are experiencing record-high demand due to North Texas's rapid population growth and influx of corporate relocations. For municipalities, the regional C-PACE program presents an opportunity to stimulate local economies without relying on taxpayer dollars. By enabling private investment in private buildings, cities and counties can drive job creation, enhance the local tax base and promote environmental stewardship. Susan Alvarez, Director of Environment & Development for NCTCOG, said: 'We look forward to expanding PACE resources in the NCTCOG region!' Property owners stand to benefit from reduced operating costs, improved building performance and access to investment-grade capital that can be used for a wide range of eligible improvements, including HVAC systems, lighting, insulation, solar panels and water conservation measures. Lone Star PACE brings extensive experience to its role as program administrator, having facilitated more than $330 million in C-PACE assessments for projects totaling $1.5 billion across Texas. The firm's collaborative approach involves working closely with local governments, property owners, capital providers and senior lenders to ensure successful project implementation. About Lone Star PACELone Star PACE serves as a program administrator for city and county Commercial Property Assessed Clean Energy (C-PACE) programs in Texas. LSP helps local governments, economic development corporations, chambers of commerce and trade associations promote economic development and resource conservation by facilitating C-PACE projects alongside property owners, C-PACE capital providers, contractors and other stakeholders. The company's goal is to promote sustainability as well as increased property values while positively impacting cash flow and utility savings. For more information, visit About North Central Texas Council of GovernmentsThe North Central Texas Council of Governments (NCTCOG) is a voluntary association of local governments established in 1966 to assist local governments in planning for common needs, cooperating for mutual benefit and coordinating for sound regional development. NCTCOG's purpose is to strengthen both the individual and collective power of local governments and to help them recognize regional opportunities, eliminate unnecessary duplication, and make joint decisions. NCTCOG serves a 16-county region of North Central Texas, which is centered in the two urban centers of Dallas and Fort Worth. For more information on the Environment and Development Department, visit Media Contacts: Olivia LueckemeyerDirector of Marketing & Media RelationsLone Star PACEolivia@ Susan AlvarezDirector of Environment & DevelopmentNorth Central Texas Council of Governments (NCTCOG)salvarez@
