AACOG Seeks Five-Year Refinancing With Schertz Bank

Scope & details

The full contract record, as filed.

Contract amount

$10.5 million outstanding balance; recommended $5 million principal reduction payment (balance reduced to approximately $5.5 million)

Contract type

FINANCIAL_SERVICES

Contract term

Five (5) year refinancing agreement beginning May 2026, based on 25-year amortization

Renewal date

2031-05-01

Renewal

Refinances and extends the original April 2021 Schertz Bank & Trust mortgage loan for an additional five-year term starting in May 2026, with an anticipated interest rate of about 4.95% and a significant principal reduction between $2–5 million.

Document type

Agenda

Source document

AACOG Executive Committee Meeting Agenda April 2026

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Alamo Area Council of Governments AgendaPacket Executive Committee Meeting 2026-07-15

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Alamo Area Housing Finance Corporation Board Meeting Agenda April 2026

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Alamo Area Housing Finance Corporation, Texasapproximately $12 million loan; projected outstanding balance $10.5 million; proposed $3 million principal reduction paymentApr 22, 2026

Alamo Area Council of Governments Board of Directors Meeting Agenda April 2026

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Alamo Area Housing Finance Corporation, Texasapproximate $1.5 million (HVAC upgrade project value referenced)Apr 22, 2026

Alamo Area Council of Governments Executive Committee Meeting April 2026

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Heartland Community College, Illinois$232,900.00Apr 1, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Alamo Area Housing Finance Corporation?

Schertz Bank & Trust was awarded this financial services contract by Alamo Area Housing Finance Corporation, as recorded on April 15, 2026. The contract value is $10.5 million outstanding balance; recommended $5 million principal reduction payment (balance reduced to approximately $5.5 million).

How much is the Schertz Bank & Trust contract with Alamo Area Housing Finance Corporation worth?

The Schertz Bank & Trust contract with Alamo Area Housing Finance Corporation is valued at $10.5 million outstanding balance; recommended $5 million principal reduction payment (balance reduced to approximately $5.5 million), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in AACOG Executive Committee Meeting Agenda April 2026 (Agenda), dated April 15, 2026 from Alamo Area Housing Finance Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Schertz Bank & Trust hold?

Schertz Bank & Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Alamo Area Housing Finance Corporation currently buying?

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