Texas Department of Housing & Community Affairs Awards $6,100,000 Financial Services Contract to Pine Creek Apartments (July 2026)

The TDHCA Board approved a $6.1 million HOME Multifamily Direct Loan for Pine Creek Apartments in Bastrop. The 40‑year, 3 percent first‑lien loan will finance 52 units of new elderly housing and replaces a higher‑cost HUD 221(d)(4) loan, alongside existing federal and state housing tax credit equity. The action ensures the project remains financially feasible while preserving deep affordability at 30 to 60 percent AMFI.

Scope & details

The full contract record, as filed.

Contract amount

$6,100,000

Contract type

FINANCIAL_SERVICES

Contract term

40-year term with 40-year amortization, monthly repayments, construction-to-permanent structure; TDHCA in first-lien position during permanent period

Renewal date

2066-07-23

Renewal

Initial HOME Multifamily Direct Loan approval; no renewal or extension options described beyond the 40‑year permanent term.

Document type

AgendaPacket

Source document

Texas Department of Housing and Community Affairs Supplemental Board Book 2026-07-23

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Texas Department of Housing and Community Affairs Governing Board Meeting Transcript 2026-07-23

APPROVED

Texas Department of Housing and Community Affairs, Texas$6.1 millionJul 23, 2026

Texas Department of Housing and Community Affairs Governing Board Agenda Packet 2026-07-23

Frequently asked questions

Common questions about this contract, answered from the record.

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

Pine Creek Apartments was awarded this financial services contract by Texas Department of Housing & Community Affairs, as recorded on July 23, 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 financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Texas Department of Housing and Community Affairs Supplemental Board Book 2026-07-23 (AgendaPacket), dated July 23, 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.

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

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