Citi Bank provides first-lien loan for Palo Verde project
Texas Department of Housing & Community AffairsLocal Housing Authority · Austin, TX- Disclosed value
- $5,700,000 permanent loan
- From agendapacket
- Document date
- Apr 9, 2026
The 30-second brief
Palo Verde Senior Apartments’ financing structure includes a $5.7 million first-lien permanent mortgage from Citi Bank on 40-year amortization at 5.75% interest. The revised loan terms improve project feasibility and help maintain strong debt coverage for the HTC development.
Citi Bank holds this financial services contract with Texas Department of Housing & Community Affairs. Its other public contracts on record include work for Housing Authority of the city of Los Angeles and West Metro Fire-Rescue District.
Term as filed: 40-year amortization, 15-year term, 5.75% interest.
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Contract details
- Contract type
- Financial Services
- Amount
- $5,700,000 permanent loan
- Document date
- April 9, 2026
- Term
- 40-year amortization, 15-year term, 5.75% interest
- Vendor
- Citi Bank
- Source document
- Texas Department of Housing and Community Affairs Governing Board Agenda Packet April 2026 (AgendaPacket)
Citi Bank's other public contracts
More Texas Department of Housing & Community Affairs contracts
Questions about this contract
Who was awarded the financial services contract by Texas Department of Housing & Community Affairs?
Citi Bank was awarded this financial services contract by Texas Department of Housing & Community Affairs, as recorded on April 9, 2026. The contract value is $5,700,000 permanent loan.
How much is the Citi Bank contract with Texas Department of Housing & Community Affairs worth?
The Citi Bank contract with Texas Department of Housing & Community Affairs is valued at $5,700,000 permanent loan, 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 Texas Department of Housing and Community Affairs Governing Board Agenda Packet April 2026 (AgendaPacket), dated April 9, 2026 from Texas Department of Housing & Community Affairs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Citi Bank hold?
Citi Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Texas Department of Housing & Community Affairs currently buying?
Explore Texas Department of Housing & Community Affairs's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.