Alamo Area Housing Finance Corporation Board Meeting Agenda April 2026
AACOG Plans Mortgage Refinance With Schertz Bank & Trust
Trusted by teams at
Description
The Board will consider authorizing a principal reduction payment of about $3 million on the Titan building mortgage with Schertz Bank & Trust as part of a new five‑year refinance of an approximately $10.5 million outstanding loan. The action aims to lower interest costs and strengthen AACOG’s financial position.
Contract Details
Contract Amount
approximately $12 million loan; projected outstanding balance $10.5 million; proposed $3 million principal reduction payment
Vendor
SCHERTZ BANK & TRUST
Agency
Alamo Area Housing Finance Corporation, TX
Contract Type
FINANCIAL_SERVICES
Document Date
April 22, 2026
Contract Term
original 5-year term with 25-year amortization; proposed refinance for another 5 years starting May 2026
Renewal Date
2031-05-31
Renewal Info
Refinances an existing five‑year, 3.75% loan with a new five‑year agreement; Board to set principal reduction amount, with $3 million recommended by the Executive Committee.
More from SCHERTZ BANK & TRUST
Related Contracts
Alamo Area Council of Governments Board of Directors Meeting Agenda April 2026
ONGOINGAlamo Area Council of Governments Executive Committee Meeting April 2026
RECOMMENDEDAACOG Executive Committee Meeting Agenda April 2026
PENDINGWill County School District 92 Treasurer's Report January 2026
ONGOINGschertz_cibolo_universal_city_isd_school_board_mee.pdf
APPROVEDIssuing Agency
Alamo Area Housing Finance Corporation
Special District
San Antonio, TX
More from Alamo Area Housing Finance Corporation
Alamo Area Council of Governments IDD Services Advisory Committee Agenda Packet 2026-06-09
Alamo Area Council of Governments Board of Directors Meeting Agenda April 2026
Alamo Area Council of Governments Board of Directors Meeting Agenda April 2026
Alamo Area Council of Governments Board of Directors Meeting Agenda April 2026
Alamo Area Council of Governments Board of Directors Meeting Agenda April 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.