FINANCIAL_SERVICESAPPROVED

Alamo Area Housing Finance Corporation Awards Financial Services Contract to Schertz Bank & Trust (July 2026)

AACOG’s Executive Committee approved a principal reduction payment and five-year refinancing agreement with Schertz Bank & Trust for the AACOG Tower property mortgage, using program fund balances to reduce outstanding debt by approximately $5 million. The action is contingent on final approval by the Board of Directors.

Status
APPROVED
Document date
July 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Schertz Bank & Trust
Agency
Alamo Area Housing Finance Corporation · TX

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$5,000,000 principal reduction payment (building mortgage)
Contract type
FINANCIAL_SERVICES
Contract term
Five year refinancing agreement beginning May 2026
Renewal date
2031-05-31
Renewal
New five-year refinancing agreement replacing prior mortgage terms; principal reduction of approximately $5M from program fund balances including ART and Military & Veterans Affairs.
Document type
AgendaPacket
Source document
Alamo Area Council of Governments AgendaPacket Executive Committee Meeting 2026-07-15

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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 July 15, 2026. The contract value is $5,000,000 principal reduction payment (building mortgage).

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 $5,000,000 principal reduction payment (building mortgage), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Alamo Area Council of Governments AgendaPacket Executive Committee Meeting 2026-07-15 (AgendaPacket), dated July 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.

View Schertz Bank & Trust's profile

What is Alamo Area Housing Finance Corporation currently buying?

Explore Alamo Area Housing Finance Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Alamo Area Housing Finance Corporation's profile

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