Up to $25 Million Housing Bonds Sold to Amegy Bank
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Description
Austin Housing Finance Corporation approved the sale of up to $25 million in Multifamily Housing Revenue Bonds (Sycamores at Pleasant Valley) Series 2025 to Zions Bancorporation, N.A. dba Amegy Bank under a Bond Purchase and Funding Agreement. Proceeds will finance construction of an affordable multifamily rental development in Austin and related issuance costs.
Contract Details
Contract Amount
Aggregate principal amount of Bonds not to exceed $25,000,000
Vendor
ZIONS BANCORPORATION N.A. DBA AMEGY BANK
Agency
City of Austin city, TX
Contract Type
FINANCIAL_SERVICES
Document Date
September 11, 2025
Renewal Info
Single bond issuance with maximum principal of $25,000,000; no renewal terms described in the resolution.
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