FWHS Considers OGC SN Multifamily Exchange MOU | Housing Authority of Fort Worth | OGC SN MULTIFAMILY LP

Scope & details

The full contract record, as filed.

Contract amount

$175,000 initial annual ground lease payment, escalating 3% annually; $250,000 master contractor fee; general contractor fee not to exceed 5% of actual construction costs; $750,000 acquisition fee

Contract type

OTHER

Contract term

MOU effective February 2026; minimum 15-year affordability period beginning when the final certificate of occupancy is issued

Renewal

The MOU contemplates a long-term lease with annual 3% rent escalations, a minimum 15-year affordability period, and future sale-event, purchase-option, and right-of-first-offer provisions.

Document type

Agenda

Source document

Fort Worth Housing Solutions Agenda 2026-02-26

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Fort Worth Housing Solutions Agenda Packet 2026-06-25

APPROVED

Housing Authority of Fort Worth, Texas$750,000 Acquisition Fee; $250,000 Contractor Fee; $5,000/month Construction Management Fee; $175,000 Annual Lease Payment; $2,800,000 Guaranteed Capital Events FeeJun 25, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Housing Authority of Fort Worth?

Ogc Sn Multifamily Lp was awarded this government contract by Housing Authority of Fort Worth, as recorded on February 26, 2026. The contract value is $175,000 initial annual ground lease payment, escalating 3% annually; $250,000 master contractor fee; general contractor fee not to exceed 5% of actual construction costs; $750,000 acquisition fee.

How much is the Ogc Sn Multifamily Lp contract with Housing Authority of Fort Worth worth?

The Ogc Sn Multifamily Lp contract with Housing Authority of Fort Worth is valued at $175,000 initial annual ground lease payment, escalating 3% annually; $250,000 master contractor fee; general contractor fee not to exceed 5% of actual construction costs; $750,000 acquisition fee.

What type of contract is this?

This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Fort Worth Housing Solutions Agenda 2026-02-26 (Agenda), dated February 26, 2026 from Housing Authority of Fort Worth. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ogc Sn Multifamily Lp hold?

Ogc Sn Multifamily Lp 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 Housing Authority of Fort Worth currently buying?

Explore Housing Authority of Fort Worth's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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