The Develop Fulton Board of Directors unanimously approved an intergovernmental assessment agreement with the City of Chattahoochee Hills that establishes a new financing pathway for eligible commercial property improvements focused on energy efficiency, renewable energy, water conservation and resiliency.

The agreement advances the Chattahoochee Hills Commercial Property Assessed Conservation, Energy and Resiliency Program, commonly known as C-PACER. The program will allow qualifying commercial, industrial, agricultural and multifamily property owners to access private capital for eligible improvements and repay the financing through a voluntary special assessment placed on the participating property.

Develop Fulton’s master program authorizes the issuance of taxable revenue bonds in an aggregate principal amount of up to $38 million, subject to future adjustment by the Authority. Individual projects will be reviewed and approved separately in accordance with state law, the program guidebook and applicable financing requirements.

“This unanimous vote creates another tool to help Fulton County communities attract responsible private investment while encouraging improvements that can strengthen properties for decades,” said Develop Fulton Board Chairman Kwanza Hall. “By working with Chattahoochee Hills, we are expanding access to financing that can support energy efficiency, water conservation, resiliency and thoughtful economic development without placing the repayment burden on taxpayers.”

C-PACER financing may be used for permanently installed improvements such as energy-efficient building systems, renewable energy infrastructure, water conservation measures and improvements designed to help properties withstand environmental or operational disruptions. Financing may support new construction, renovation or the refinancing of qualifying improvements.

Under the program, participating property owners voluntarily enter into individual assessment agreements. The assessments are tied to the participating properties and are used to repay the private capital that funds each approved project. Property owners must satisfy all program requirements, including obtaining written consent from existing mortgage or lien holders when applicable.

“This agreement reflects the power of intergovernmental collaboration to create practical solutions for economic development,” said Develop Fulton Executive Director Sarah-Elizabeth Langford. “C-PACER can help property owners address significant upfront improvement costs while creating opportunities for stronger buildings, more efficient operations and continued investment in Chattahoochee Hills.”

The agreement follows the Develop Fulton Board’s adoption of its master C-PACER resolution on July 28, 2026, and the Chattahoochee Hills City Council’s authorization of the local program on Aug. 4, 2026.

Midwest PACE Services LLC will serve as program administrator and will review financing applications to confirm that proposed projects and improvements meet state law and program requirements. Eligible projects must receive required approvals before financing can move forward.