What: Whether Forsyth County opts into the statewide Commercial Property Assessed Capital Expenditure (CPACE) program, a private financing tool for commercial, industrial, agricultural and larger multifamily property improvements.
Where it stands: Done. The board adopted a resolution of intent on July 30, 2026 (unanimous), held a public hearing on August 27 and then voted unanimously to join the program. The adopted resolution says the county will not pledge its full faith and credit for any CPACE financing.
Statute points in the record: state law (Article 10B of Chapter 160A) caps financing at 35 percent of property value and the term at the useful life of the improvements; the Economic Development Partnership of North Carolina is the statewide administrator; the capital provider alone handles billing, collection and foreclosure.
Log
2026-08-27 - Board of County Commissioners - Public hearing and adoption. Helena Fiore said the loan is between owner and bank, secured by a recorded lien, with no local collection duty, and would support renovation of commercial property and the tax base. Will Eley of Piedmont Environmental Alliance spoke in favor; no one opposed. Dan Besse moved, Chris Parker seconded; approved unanimously.
2026-07-27 - Board of County Commissioners Briefing - Staff explained that CPACE loans are between owners and private banks, secured by a senior lien; the county's role is recording the lien, with no financial or legal liability. About 19 municipalities have opted in statewide, and local organizations sent a support letter.