| | |
YOUR LOCAL EXPERTS
IN ALL THINGS
PACE IN TEXAS
| | From One Austin Congregation to One Billion Dollars in TX-PACE Financing | | |
Texas PACE Authority has surpassed $1 billion in TX-PACE financing—a milestone made possible by a decade of partnership across Texas. Springdale Green’s $227.5 million closing on October 28 brought us past that mark.
What began with an Austin congregation replacing aging heating and cooling systems has grown to support rural healthcare, housing, hospitality, and commercial developments across the state.
To the local governments, property owners, capital providers, and project teams who made it possible: thank you! Every project has helped build this shared success.
| | |
Project Highlights
PACE in Action Across Texas
| |
Austin Office Closes
$227.5 Million in
TX-PACE Financing
| |
Springdale Green Office in Austin closed $227.5 million in TX-PACE financing through the Travis County program. Nuveen Green Capital provided financing for eligible improvements including the building envelope, lighting, HVAC, water efficiency and elevators.
| |
Bastrop Hotel Closes
$5.7 Million in
TX-PACE Financing
| The Fairfield & TownePlace Hotel Bastrop closed $5.7 million in TX-PACE financing through the Bastrop County program. Peachtree Group provided financing for eligible improvements including HVAC, lighting, water efficiency, the building envelope and elevators. | | The Meuse Moves Forward With $68.6 Million in TX-PACE Financing | | Texas PACE Authority recently closed approximately $68.6 million in TX-PACE financing for The Meuse in Fredericksburg, supporting a 212-room Kimpton hotel and an accompanying retail district developed by DC Partners. | | |
Partner Highlights
Working Together to Advance TX-PACE
| | Stay in the Know with TPSA | | |
Keep up with the standards that help TX-PACE projects move forward. The Texas PACE Standards Alliance (TPSA) maintains the PACE in a Box framework and supports consistent program standards across Texas. Sign up for TPSA’s newsletter to stay connected with its work and the guidance and resources available to property owners, lenders, contractors, and local governments.
Subscribe today and keep TPSA on your radar.
| | |
In Case You Missed It
What We're Saying
| | One Financing Tool, Two Different Strategies: TX-PACE for Recapitalization and New Development | | |
TX-PACE isn't just for new construction. In Part 6 of our Breaking Through the Maturity Wall series, we explore how TX-PACE can help property owners refinance eligible improvements while also providing developers with a flexible financing option for new projects. Featuring the Hyatt Centric Congress Avenue in Austin and the Kimpton Hotel at The Meuse in Fredericksburg, this installment demonstrates how one financing tool can address two very different capital challenges.
| | |
Upcoming Events
These Events May Interest You
| | Securing Innovative Project Financing with TX-PACE | | |
November 18, 2026
2:00PM Central
| Join Karl Parker, Dr. Teresa Smith, and Brian Adams to explore project eligibility, financing and recapitalization, and where TX-PACE fits in the capital stack. | | |
Recent
In Case We Missed You at These Events
| |
24th Annual North
Texas Facilities Expo
| | |
October 14-15, 2026
Irving Convention Center
| The North Texas Facilities Expo brought together facilities, maintenance, energy, and building professionals for free educational sessions and networking. | | Greater Houston Environmental Summit | | |
October 23-24, 2026
United Way of Greater Houston
| This year’s summit explored community resilience, including energy, infrastructure, and climate readiness for the Gulf Coast. TPA’s James Cargas joined the “Resilient by Design” panel to discuss financing needed improvements through C-PACE. | | 21st Annual
Texas Energy Summit | | |
October 26-28, 2026
Texas Capitol & REJ Building
| The Texas Energy Summit brought together leaders to explore cleaner air through energy technologies, policies, programs, and partnerships. Texas PACE Authority supported the event as a sponsor. | | |
Around the Web
What They're Saying
| | |
October 20, 2026
Connect CRE Highlights TX-PACE Financing for The Meuse
| | Connect CRE covers Nuveen Green Capital’s $68.6 million in TX-PACE financing for The Meuse in Fredericksburg. Administered through Texas PACE Authority, the financing supports the development’s Kimpton hotel and retail components. | | |
Dub Taylor
Chief Executive Officer
| | |
Dr. Teresa Smith
Director, PACE Transactions
| | |
About Texas PACE Authority: Texas PACE Authority (TPA) is the nonprofit administrator of 115 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 | | | | |
