TDHCA Governing Board Meeting Transcript April 2026
Cedar Rapids Bank & Trust Chosen for Wilmer Bonds
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Description
TDHCA authorized $43.21 million of privately placed Multifamily Housing Revenue Bonds for the Torrington Wilmer development, with Cedar Rapids Bank & Trust serving as construction and permanent lender. The bank will also provide a bridge loan under terms tied to 30-day SOFR plus 1.25 percent.
Contract Details
Contract Amount
$43,210,000 (bond principal)
Vendor
CEDAR RAPIDS BANK & TRUST
Agency
Texas Department of Housing and Community Affairs, TX
Contract Type
FINANCIAL_SERVICES
Document Date
April 9, 2026
Contract Term
15-year bond term with 40-year amortization
Renewal Date
2041-12-31
Renewal Info
No renewals discussed; bonds carry a fixed 15-year term with 40-year amortization, and related loans follow that structure.
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AMENDEDIssuing Agency
Texas Department of Housing and Community Affairs
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TDHCA Governing Board Meeting Transcript April 2026
TDHCA Governing Board Meeting Transcript April 2026
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