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YOUR LOCAL EXPERTS
IN ALL THINGS
PACE IN TEXAS
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Project Highlights
PACE in Action Across Texas
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The Code Closes in Austin
with $53.9 Million in TX-PACE Financing
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Texas PACE Authority recently facilitated the closing of The Code, a hospitality property in Travis County, with a $53.9 million TX-PACE assessment financed by Nuveen Green Capital.
The refinancing supports energy- and water-saving improvements including HVAC, lighting, building envelope measures and water efficiency upgrades. The project is expected to save more than 360,000 kWh of electricity and 1.4 million gallons of water annually, while reducing energy costs by 16% and water costs by 39%.
The Code demonstrates how TX-PACE can be used as part of a refinancing strategy while delivering measurable long-term operating savings.
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Program Highlights
Expanding Access One Region at a Time
| | A New Chapter for TPA:
Meet Karl Parker | |
Texas PACE Authority is expanding how we engage with the market.
We are pleased to welcome Karl Parker, P.E., MBA, Six Sigma Black Belt, as TPA’s new Business Development Manager serving Southeast Texas.
Karl brings more than 30 years of experience in engineering, business strategy, operational excellence, P&L management, and growth leadership. His career includes leadership roles with Saudi Aramco, General Electric, and Owens Corning, as well as experience in higher education, capital planning, and facilities management.
Karl’s arrival represents more than a new addition to the TPA team. It marks an important step in TPA’s evolution.
As TX-PACE has grown across Texas, we have an opportunity to become more proactive in how we engage with property owners, developers, lenders, and other project partners. Dedicated business development gives us the ability to build relationships earlier, educate the market, and help identify opportunities where TX-PACE can support a project’s financial and operational goals.
Karl will focus on Southeast Texas, with additional regional business development capacity planned as TPA continues to expand its reach.
Our goal is simple: to serve as a knowledgeable resource earlier in the process, build stronger relationships, and help more of the right projects successfully navigate the path to TX-PACE financing.
Please join us in welcoming Karl to TPA!
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City of Bonham Brings TX-PACE Financing
to Local Property Owners
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The City of Bonham has adopted a TX-PACE program, becoming the 114th local government in Texas to offer this powerful economic development tool to eligible property owners.
TX-PACE gives commercial, industrial, agricultural, nonprofit and multifamily property owners access to long-term, private financing for energy efficiency, water conservation, resiliency and on-site energy improvements. By tying financing to the property, TX-PACE can help owners overcome upfront project costs, improve building performance and reduce long-term operating expenses.
With Texas PACE Authority serving as third-party administrator, Bonham property owners now have a new financing option to help make property upgrades and redevelopment projects more financially achievable.
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Texas PACE Authority's Kyra Guy visited downtown Denison and enjoyed a walk along Texas's longest main street. Denison's main street was recognized by Main Street America (a subsidiary of the National Trust for Historic Preservation) as the Great American Main Street.
Denison has a thriving mix of 300 small businesses, housed in historical buildings and hosts cultural attractions making it one of Texas's most attractive destinations. Housed in Grayson County, Denison is one of the many cities supported by Texas PACE Authority. This visit was part of a Northeast Texas outreach to help businesses in Northeast Texas grow and thrive.
Anna, Sherman, and Denison were all a part of the day trip. These cities are growing and thriving and are exciting destinations for businesses to go, grow, and take advantage of the economic boom in this region. Let Texas PACE Authority help your business grow.

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In Case You Missed It
What We're Saying
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Submitting a TX-PACE eligibility request is just the beginning. In Part 3 of our TX PACE in Practice series, we explore what happens next, from reviewing project scope and financing needs to identifying potential opportunities and considerations early in the process.
Read the article to learn why starting the conversation early can help position a project for success.
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The 
Economic Value of
TX-PACE
| | TX-PACE has evolved into an important commercial real estate financing tool that can help property owners preserve capital, strengthen project economics, and support higher-performing buildings. Our latest article explores how TX-PACE brings private capital into Texas communities while creating value for owners, lenders, and local economies. | | |
Upcoming Events
These Events May Interest You
| | 2026 Program Administrator Roundtable & Leadership Forum | | |
September 22-24, 2026
John Hancock Center - Laskar Hall
| This year’s Roundtable and Leadership Forum is intentionally designed to provide a candid, collaborative space for program administrators to connect directly with peers and key industry stakeholders in a focused, small-group setting. | | Austin-San Antonio Growth Summit 2026 | | |
September 24, 2026
New Braunfels Civic & Convention Center
| Join Austin Business Journal & San Antonio Business Journal for the 2026 Austin-San Antonio Growth Summit. | | | | |
October 6-7, 2026
Southern Methodist University
| This conference unites experts advancing resource-efficient AI across autonomous, edge, distributed, and quantum systems. | |
24th Annual North
Texas Facilities Expo
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October 14-15, 2026
Irving Convention Center
| The North Texas Facilities Expo offers free learning and networking for facilities, maintenance, energy, and building professionals. | | 21st Annual
Texas Energy Summit | | |
October 26-28, 2026
Texas Capitol & REJ Building
| Connect with leaders advancing cleaner air through innovative energy technologies, policies, programs, and partnerships. | | |
Recent
In Case We Missed You at These Events
| | September Property & Education Exchange | | |
September 10
Goosehead Insurance Office
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September 9, 2026
Thousand Hills Church, Hickory Creek
| TPA joined the Lake Cities Chamber for a Lunch & Learn to share how TX-PACE can support local commercial projects. | | Bastrop County Growth Summit | | |
September 9, 2026
Bastrop Convention & Exhibit Center
| The 2026 Bastrop County Growth Summit was hosted by the Austin Business Journal in partnership with Bastrop EDC. | | EPA Region 6 Brownfields Conference | | |
August 25-27, 2026
Renaissance Tower, Dallas
| The conference focused on the three following aspects of the Brownfields Program: technical assistance, program operations, and partnerships.  | |
Texas Clean Energy Summit
Powering Texas' Clean Energy Future: Insight & Opportunities Keeping the Lone Star State Number One in Energy!
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August 18 - 20
Hyatt Regency Austin
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DUB'S PANEL DATE/TIME:
Thursday, August 20, 2026
10:45–11:30 a.m.
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Around the Web
What They're Saying
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August 27, 2026
The Refinancing Wall Is Sorting Hotels, 
Not Punishing Them
| | With 30% of hotel loans coming due this year, higher borrowing costs, changing NOI, and deferred capital improvements are putting added pressure on hotel refinancing. The article examines why renovation needs and access to capital may determine which properties are best positioned to move forward. | |
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August 25, 2026
Nuveen Raises $1 Billion to Finance Improvements for Commercial Buildings
| Nuveen and Nuveen Green Capital raised more than $1 billion for a new C-PACE lending fund, bringing total commitments to Nuveen’s C-PACE strategy to $3 billion since 2023 and underscoring growing institutional interest in the financing model. | |
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August 25, 2026
Investors Are Snapping Up Shabby Hotels and Whipping Them Into Shape
| Hotel sales rose 28% during the first half of 2026 as buyers increasingly targeted properties requiring renovations and capital improvements, highlighting growing investment opportunities in aging hospitality assets. | |
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August 20, 2026
C-PACE Financing Is Meeting the Moment
| C-PACE continues to gain traction as developers and lenders look for flexible capital solutions amid higher construction costs, tighter lending conditions, and refinancing challenges. The article explores how C-PACE is increasingly being incorporated into capital stacks across a range of property types. | |
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August 12, 2026
City of Bonham Establishes TX-PACE Program to Encourage Private Investment and Redevelopment
| Bonham’s new TX-PACE program gives eligible property owners access to long-term private financing for building improvements, redevelopment, and operating-cost reductions while supporting local economic growth at no cost to taxpayers. | | |
  About Texas PACE Authority: Texas PACE Authority (TPA) is the nonprofit administrator of 114 local TX-PACE programs at the time of this newsletter. TPA is on a mission to empower commercial, industrial, and multifamily property owners across Texas to make energy- and water-saving upgrades that save money, benefit the environment, and help their communities. We work with local governments, lenders, service providers, and all other stakeholders to make businesses more profitable, save natural resources, and revitalize communities across Texas. www.TexasPACEAuthority.org | | | | |
