texas_department_of_housing_and_community_affairs.pdf
Cedar Rapids Bank to Purchase Palladium McKinney Bonds
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Description
TDHCA authorized issuance of $23.8 million in privately placed multifamily revenue bonds to Cedar Rapids Bank and Trust to finance the 172-unit Palladium McKinney affordable housing development at 60% AMI. The bonds will use a SOFR-based interest rate structure.
Contract Details
Contract Amount
$23,800,000
Vendor
CEDAR RAPIDS BANK & TRUST
Agency
Texas Department of Housing & Community Affairs, TX
Contract Type
FINANCIAL_SERVICES
Document Date
November 6, 2025
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