AGENDA CAPTION:
Title
Hold a public hearing in accordance with Section 394.9025(a) of the Texas Local Government Code, regarding a proposal by the Capital Area Housing Finance Corporation to issue one or more series of tax-exempt obligations in an amount not to exceed $49,000,000.00, for the benefit of LDG Redwood, LP, in connection with the conversion from the construction phase of financing to the permanent phase of financing for the existing multifamily rental housing development located at 129 Pavonia Court, San Marcos, Hays County, Texas, 78666, known as Redwood Apartments.
Body
Meeting date: June 16, 2026
Department: Planning and Development
Amount & Source of Funding
Funds Required: N/A
Account or Project Number (C = CIP funds): Click or tap here to enter text.
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Fiscal Note:
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City Council Strategic Initiative: [Please select from the dropdown menu below]
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
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Background Information:
Capital Area HFC (CAHFC) is in the process of converting the Redwood Apartments (1900 block of Redwood Road) to permanent financing. This is a transaction that was approved by the City and closed in 2020. The property is completed and leasing and is, therefore, converting to long-...
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