FINANCIAL_SERVICESONGOING

Wells Fargo Finances Carson Crossings Mixed-Income Project

Wells Fargo is financing the Carson Crossings mixed-income development with separate construction and permanent loans for the LIHTC and Workforce units totaling more than $215 million. The loans feature tax-exempt structures, 40-year amortization, and 18-year terms, reflecting updated interest rates and project economics.

Status
ONGOING
Document date
September 1, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Wells Fargo
Agency
Texas Department of Housing & Community Affairs · TX

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$55,900,000 construction loan and $44,000,000 permanent loan for LIHTC units; $61,500,000 construction loan and $54,200,980 permanent loan for Workforce units
Contract type
FINANCIAL_SERVICES
Contract term
Construction phase followed by permanent financing with 40-year amortization and 18-year term
Renewal
Permanent loans run for 18 years with 40-year amortization; refinancing or extension options are not specified.
Document type
Agenda
Source document
Texas Department of Housing and Community Affairs Agenda 2026-09-03

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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?

Wells Fargo was awarded this financial services contract by Texas Department of Housing & Community Affairs, as recorded on September 1, 2026. The contract value is $55,900,000 construction loan and $44,000,000 permanent loan for LIHTC units; $61,500,000 construction loan and $54,200,980 permanent loan for Workforce units.

How much is the Wells Fargo contract with Texas Department of Housing & Community Affairs worth?

The Wells Fargo contract with Texas Department of Housing & Community Affairs is valued at $55,900,000 construction loan and $44,000,000 permanent loan for LIHTC units; $61,500,000 construction loan and $54,200,980 permanent loan for Workforce units, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Texas Department of Housing and Community Affairs Agenda 2026-09-03 (Agenda), dated September 1, 2026 from Texas Department of Housing & Community Affairs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wells Fargo hold?

Wells Fargo 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?

Explore Texas Department of Housing & Community Affairs's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Texas Department of Housing & Community Affairs's profile

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