Texas Department of Housing & Community Affairs Awards $5,800,000 Financial Services Contract to Waverly North (July 2026)

TDHCA’s Governing Board approved a $5.8 million National Housing Trust Fund loan to the Waverly North development in Austin. The 40‑year, 2 percent first‑lien loan will support adaptive reuse of 76 affordable units and increase the share of deeply affordable 30 percent AMFI units, contingent on final underwriting and application amendment approval. The loan must be closed under the Department’s 2024 NHTF grant by late August 2026 to meet federal commitment deadlines.

Scope & details

The full contract record, as filed.

Contract amount

$5,800,000

Contract type

FINANCIAL_SERVICES

Contract term

Anticipated 40-year term with 40-year amortization; loan expected to close August 2026 using 2024 NHTF grant funds, with all due diligence and contract execution by August 21, 2026

Renewal date

2066-08-21

Renewal

Initial approval under 2024 NHTF grant; no renewal terms described. Award may be terminated if due diligence and contract execution are not completed by August 21, 2026.

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$5.8 millionJul 23, 2026

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?

Waverly North was awarded this financial services contract by Texas Department of Housing & Community Affairs, as recorded on July 23, 2026. The contract value is $5,800,000.

How much is the Waverly North contract with Texas Department of Housing & Community Affairs worth?

The Waverly North contract with Texas Department of Housing & Community Affairs is valued at $5,800,000, 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 Waverly North hold?

Waverly North 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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