FINANCIAL_SERVICESAPPROVED

City of Austin Resolution 20250911-051 Multifamily Housing Revenue Bonds

Amegy Bank To Purchase $25M Sycamores Bond Issue

Not to exceed $25,000,000 (aggregate principal amount of Bonds)City of Austin cityZIONS BANCORPORATION N.A. DBA AMEGY BANKSeptember 11, 2025

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Description

The Austin Housing Finance Corporation approved a Bond Purchase and Funding Agreement with Zions Bancorporation, N.A. dba Amegy Bank to purchase up to $25 million of Sycamores at Pleasant Valley Multifamily Housing Revenue Bonds. Amegy Bank will act as bond owner and funding lender, administering the associated loan for the affordable housing development.

Contract Details

Contract Amount

Not to exceed $25,000,000 (aggregate principal amount of Bonds)

Vendor

ZIONS BANCORPORATION N.A. DBA AMEGY BANK

Agency

City of Austin city, TX

Contract Type

FINANCIAL_SERVICES

Document Date

September 11, 2025

Contract Term

Bond Purchase and Funding Agreement dated September 1, 2025; Bonds maturing no later than [September] 1, 20[46]

Renewal Date

2046-09-01

Renewal Info

Bond Purchase and Funding Agreement governs purchase, holding, and potential transfer of the Bonds through their final maturity or earlier redemption; no separate renewal but remains effective until Bonds are fully paid or defeased.

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