After a public hearing next week, City Council will vote on whether to establish the...
, 74 cities and counties across the state have adopted PACE programs.
Hufstetler said that the Alamo Area Council of Governments is the administrator for the 12 area PACE programs, including those in the cities of San Antonio, Balcones Heights, Boerne and Fredericksburg.The council of governments’ job would be to ensure that the city of Alamo Heights did not have to take on any extra work to run the PACE program.
Property owners interested in the PACE financing would start off by going to the Alamo Area Council of Governments to learn about the program. They’d be directed to a website with a list of lenders and contractors experienced with PACE, as well as third-party reviewers who could estimate the savings an owner might see from desired improvements.Although PACE financing is sometimes called a loan, it operates differently from personal and business loans.
Hufstetler said it is important for PACE programs to exist in the San Antonio area to conserve water and — by reducing energy use and consequently power plant emissions — to
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