The city of Red Oak is partnering with a Texas nonprofit organization that aims to incentivize some property owners to renovate their property and make it more environmentally friendly.

During last week’s meeting the City Council approved a resolution to participate in the Texas Property Assessed Clean Energy (TX-PACE), a financing tool that provides long-term, low-cost, 100 percent funding for energy efficiency, water conservation and distribution generation projects.

Eligible properties are commercial, including nonprofits, multifamily developments with at least five units and industrial facilities.