FINANCIAL_SERVICESAPPROVED

Texas Department of Housing and Community Affairs Awards Financial Services Contract to Cedar Rapids Bank & Trust (April 2026)

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.

Status
APPROVED
Document date
April 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Cedar Rapids Bank & Trust
Agency
Texas Department of Housing and Community Affairs · TX

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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
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
$43,210,000 (bond principal)
Contract type
FINANCIAL_SERVICES
Contract term
15-year bond term with 40-year amortization
Renewal date
2041-12-31
Renewal
No renewals discussed; bonds carry a fixed 15-year term with 40-year amortization, and related loans follow that structure.
Document type
Transcript
Source document
TDHCA Governing Board Meeting Transcript April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Texas Department of Housing and Community Affairs?

Cedar Rapids Bank & Trust was awarded this financial services contract by Texas Department of Housing and Community Affairs, as recorded on April 9, 2026. The contract value is $43,210,000 (bond principal).

How much is the Cedar Rapids Bank & Trust contract with Texas Department of Housing and Community Affairs worth?

The Cedar Rapids Bank & Trust contract with Texas Department of Housing and Community Affairs is valued at $43,210,000 (bond principal), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in TDHCA Governing Board Meeting Transcript April 2026 (Transcript), dated April 9, 2026 from Texas Department of Housing and Community Affairs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cedar Rapids Bank & Trust hold?

Cedar Rapids 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 Cedar Rapids Bank & Trust's profile

What is Texas Department of Housing and Community Affairs currently buying?

Explore Texas Department of Housing and Community Affairs's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Texas Department of Housing and Community Affairs's profile

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