PACE (Property Assessed Clean Energy) is a financing program recently approved in Texas that enables commercial, industrial, large multi-family, and agricultural property owners to obtain low-cost, long-term financing for water conservation, energy-efficiency, and renewable energy projects. Participants repay loans through a property assessment imposed by the local government at the request of the property owner. In March 2015 the Travis County Commissioners Court established the first PACE program in Texas. On November 4, 2015 the City of Houston became the second area in Texas to implement a PACE district. Contact Alan Cohen of Stahl, Bernal, Davies, Sewell & Chavarria or visit the Texas Pace Authority website (www.texaspaceauthority.org) to learn more about PACE in Texas.