CONSTRUCTIONRECOMMENDED

TDHCA HOME loan proposed for Pine Creek Apartments

The TDHCA Board is asked to approve a $6.1 million HOME-funded Multifamily Direct Loan to Pine Creek Apartments in Bastrop. The 40-year first-lien loan at 3% interest will support construction of a 52-unit elderly LIHTC development and replaces a higher-cost HUD 221(d)(4) loan.

Status
RECOMMENDED
Document date
July 19, 2026
Contract type
CONSTRUCTION
Vendor
Pine Creek Apartments
Agency
Texas Department of Housing & 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
$6,100,000
Contract type
CONSTRUCTION
Contract term
40-year term, 40-year amortization, construction term assumed 24 months
Renewal date
2066-07-23
Renewal
New HOME Multifamily Direct Loan; no renewals yet. Interest does not accrue during the construction term per rule 13.8(b)(2).
Document type
AgendaPacket
Source document
Texas Department of Housing and Community Affairs Governing Board Agenda Packet 2026-07-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Texas Department of Housing & Community Affairs?

Pine Creek Apartments was awarded this construction contract by Texas Department of Housing & Community Affairs, as recorded on July 19, 2026. The contract value is $6,100,000.

How much is the Pine Creek Apartments contract with Texas Department of Housing & Community Affairs worth?

The Pine Creek Apartments contract with Texas Department of Housing & Community Affairs is valued at $6,100,000, covering construction work.

What type of contract is this?

This is a Construction 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 2026-07-23 (AgendaPacket), dated July 19, 2026 from Texas Department of Housing & Community Affairs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pine Creek Apartments hold?

Pine Creek Apartments 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 Pine Creek Apartments's 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.

View Texas Department of Housing & Community Affairs's profile

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