housing-authority-of-mcgregor-meeting-minutes-2023-03-15_1f4.pdf
South Terrace Waco, LP Receives Approval for $5M Rehab Loan
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Description
South Terrace Waco, LP was approved to receive a government loan of up to $5 million for rehabilitation of South Terrace Apartments, under a term potentially lasting until October 1, 2060.
Contract Details
Contract Amount
Up to $5,000,000 loan proceeds
Vendor
SOUTH TERRACE WACO LP
Agency
Housing Authority of McGregor, TX
Contract Type
FINANCIAL_SERVICES
Document Date
March 15, 2023
Contract Term
May 1, 2023 – October 1, 2060 (maximum)
Renewal Date
2060-10-01
Renewal Info
Loan matures no later than October 1, 2060; subject to standard loan/bond amendment or extension provisions if applicable.
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