FINANCIAL_SERVICESAPPROVED

Austin Housing Finance Corporation Resolution No. [Unspecified] September 2025

AHFC approves bond sale to Amegy Bank for housing

Not to exceed $14,800,000 (bond principal)City of Austin cityZIONS BANCORPORATION N.A. DBA AMEGY BANKSeptember 11, 2025

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Description

Austin Housing Finance Corporation authorized the issuance and sale of its Multifamily Housing Revenue Bonds (Sycamores at Pleasant Valley), Series 2025 in an expected principal amount of about $14.8 million to Zions Bancorporation, N.A. dba Amegy Bank. Under the Bond Purchase and Funding Agreement and Trust Indenture, Zions will purchase the bonds and serve as Trustee to finance the Sycamores at Pleasant Valley affordable multifamily development.

Contract Details

Contract Amount

Not to exceed $14,800,000 (bond principal)

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

Bonds dated as of September 1, 2025, maturing no later than [September] 1, 2046

Renewal Date

2046-09-01

Renewal Info

Trust Indenture and Bond Purchase and Funding Agreement remain in effect through final maturity or defeasance of the Series 2025 Bonds; no periodic renewal is contemplated, but amendments are permitted via supplemental indentures subject to bondholder consent and Bond Counsel opinion.

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