September 23, 2019: Public Hearing Regarding the Issuance of Bonds

August 30, 2019

Notice is hereby given of a public hearing to be held by the Texas State Affordable Housing Corporation (the “Issuer”) on the proposed issuance by the Issuer of one or more series of multifamily housing revenue bonds (the “Bonds”) to provide financing for the acquisition, construction and equipping of qualified residential rental housing projects under Section 142(a)(7) of the Internal Revenue Code (the “Projects”), as well as to fund any working capital for the Projects, any reserve funds and cost of issuance for the Bonds. 

The hearing will be held at the following date, time and location:

September 23, 2019 at 5:00 pm
Donna Public Library
301 S Main St
Donna, TX 78537

The Projects are located at:


Project


Address


Initial Owner

Maximum Stated
Principal Amount ($)

Brush Country Cottages

500 Cross Creek
Dilley, TX 78017
(Frio County)

HVM BP Dilley Ret., LLC

$1,325,000

Chula Vista

201 Springfield Road
San Diego, TX  78384
(Duval County)

HVM BP San Diego, LLC

$2,255,000

Cielo Lindo Apartments

402 Hinojosa Drive
Edcouch, TX  78538
(Hidalgo County)

HVM BP Edcouch II, LLC

$1,535,000

La Estancia

366 East 8th Street
Sebastian, TX  78594
(Willacy County)

HVM BP Sebastian I, LLC

$1,535,000

La Posada Apartments

901 N. Lamar Street
Elsa, TX  78543
(Hidalgo County)

HVM BP Elsa, LLC

$3,075,000

La Reina Apartments

600 Sauz Street
La Villa, TX  78562
(Hidalgo County)

HVM BP La Villa, LLC

$1,315,000

La Sombra

519 North Main Street
Donna, TX  78537
(Hidalgo County)

HVM BP Donna Ret., LLC

$2,275,000

Las Palmas Apartments

27745 S. Kansas City Rd.
La Feria, TX  78559
(Cameron County)

HVM BP La Feria III, LLC

$1,575,000

Leuty Avenue Apartments

909 West 7th Street
Justin, TX  76247
(Denton County)

HVM BP Justin, LLC

$1,465,000

Los Laureles

1100 East Santa Rosa
Edcouch, TX  78538
(Hidalgo County)

HVM BP Edcouch I, LLC

$1,325,000

Los Naranjos Apartments

210 North Eagle Pass St.
Alton, TX  78572
(Hidalgo County)

HVM BP Alton Ret., LLC

$1,275,000

Oak Haven Apartments

513 East Frontage Road
Donna, TX  78537
(Hidalgo County)

HVM BP Donna II, LLC

$1,165,000

Raintree Apartments

650 Raintree Street
Alamo, TX  78516
(Hidalgo County)

HVM BP Alamo I, LLC

$1,515,000

Seagraves Garden Apartments

1100 12th Street
Seagraves, TX  79359
(Gaines County)

HVM BP Seagraves, LLC

$1,625,000

Silver Trail

403 Mesquite Street
Menard, TX  76859
(Menard County)

HVM BP Menard Ret., LLC

$1,265,000

The Village Apartments

517 School Street
Tomball, TX  77375
(Harris County)

HVM BP Tomball Cong., LLC

$2,855,000

Valley View Apartments

513 N. Pecan Creek Trail
Valley View, TX  76272
(Cooke County)

HVM BP Valley View, LLC

$1,395,000

Villa Vallarta

600 Fairgrounds Road
Rio Grande City, TX  78582
(Starr County)

HVM BP Rio Grande City I, LLC

$1,705,000

Vista Verde

404 Medina Street
Cotulla, TX  78014
(LaSalle County)

HVM BP Cotulla, LLC

$1,235,000

Willowick Apartments

1501 Newland Drive
Gainesville, TX  76240
(Cooke County)

HVM BP Gainesville, LLC

$3,145,000

Windmill Apartments

550 N. Montgomery Ave.
Giddings, TX  78942
(Lee County)

HVM BP Giddings, LLC

$1,425,000

Windwood

100 Windwood Drive
Kingsland, TX  78639
(Llano County)

HVM BP Kingsland, LLC

$2,835,000

The maximum stated face amount of the Bonds to be issued with respect to the Project is $39,120,000.

All interested persons are invited to attend the public hearing to express verbally, or in writing, their views on the issuance of the Bonds.  The Bonds shall not constitute or create an indebtedness, general or specific, or liability of the State of Texas, or any political subdivision thereof.  The Bonds shall never constitute or create a charge against the credit or taxing power of the State of Texas, or any political subdivision thereof.  Neither the State of Texas, nor any political subdivision thereof shall in any manner be liable for the payment of the principal of or interest on the Bonds or for the performance of any agreement or pledge of any kind which may be undertaken by the Issuer, and no breach by the Issuer of any agreements will create any obligation upon the State of Texas, or any political subdivision thereof.

Further information with respect to the proposed Bonds will be available at the hearing or upon written request prior thereto addressed to the Issuer at Texas State Affordable Housing Corporation, 2200 East Martin Luther King Jr. Boulevard, Austin, Texas 78702, Attention: David W. Danenfelzer, (512) 477-3562.

Individuals who require auxiliary aids in order to attend this meeting should contact Rebecca DeLeon, at (512) 477-3555 at least two days before the meeting so that appropriate arrangements can be made.

Individuals may transmit written testimony or comments regarding the subject matter of this public hearing to David Danenfelzer at ddanenfelzer@tsahc.org.

David Danenfelzer
Senior Director of Development Finance Programs
Texas State Affordable Housing Corporation
2200 East Martin Luther King Jr. Boulevard
Austin, Texas 78702