Housing Authority of the City of Austin Board Meeting Agenda Packet May 2026
Horizon Bank Bridge Loan Approved for South Point
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Description
The Housing Authority of the City of Austin authorized a six-month, interest-only bridge loan of up to $13 million from Horizon Bank for Bridge at South Point, LLC. The financing will refinance the maturing debt on the Bridge at South Point Apartments while permanent funding is finalized.
Contract Details
Contract Amount
Not to exceed $13,000,000
Vendor
HORIZON BANK
Agency
Austin Housing Authority, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 17, 2026
Contract Term
6-month term, interest-only
Renewal Date
2026-11-30
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