Village of Oak Park Village Board Transcript 2026-05-26
Village Joins Illinois Finance Authority C-PACE Program
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Description
Oak Park approved an ordinance to join the Illinois Finance Authority’s Commercial PACE program, enabling private financing for energy efficiency, renewable energy, EV charging, and water conservation projects in non-residential and multifamily buildings. The Illinois Finance Authority will administer the program and issue bonds, while the village retains local control over assessment agreements.
Contract Details
Vendor
ILLINOIS FINANCE AUTHORITY
Agency
Oak Park village, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Renewal Info
Ordinance designates Illinois Finance Authority as the ongoing PACE program issuer and administrator; no fixed end date or renewal schedule specified.
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