C-PACER financing.
Metropolitan Code of Nashville and Davidson County § 5.22.050
in effect5.22.050 - C-PACER financing.
A. C-PACER financing, in accordance with the C-PACER Act, is to be provided by capital providers through a financing agreement entered into with the property owner of an eligible property to fund a qualified project.
B. The C-PACER financing may cover costs including:
1. The cost of materials and labor necessary for installation or modification of a qualified improvement;
2. Permit fees;
3. Inspection fees;
4. Financing or origination fees;
5. Program application and administrative fees;
6. Project development, architectural and engineering fees;
7. Third-party review fees, including verification review fees;
8. Capitalized interest;
9. Interest reserves; or
10. Any other fees or costs that may be incurred by the property owner incident to the installation, modification, or improvement of a qualified improvement on a specific or pro rata basis.
C. Prior to entering into a financing agreement, the capital provider must receive written consent from every holder of a deed of trust or mortgage interest in the eligible property that will be subject to the assessment and C-PACER lien who agree that the property owner may participate in the program and that the C-PACER lien will take precedence over all other liens on the eligible property except for a lien for ad valorem property taxes.
(Ord. BL2022-1633 § 1, 2023)
Source: Metropolitan Government of Nashville and Davidson County, Metropolitan Code and Charter (Municode Library, library.municode.com)URL: https://library.municode.com/tn/metro_government_of_nashville_and_davidson_county/codes/code_of_ordinances?nodeId=CD_TIT5REFI_DIVIITA_CH5.22COPRASCLENRECEPR_5.22.050CEFIFetched: 10/28/2026