Terrell Housing Finance Corporation adopts bylaws, authorizes bond advisers and pursues $75 million bond allocation for Terrell Family Apartments

The Terrell Housing Finance Corporation met Aug. 14, 2025, at City Council Chambers to organize the new corporation, approve initial resolutions and authorize an application to the Texas Bond Review Board for private activity bonds tied to the Terrell Family Apartments project.

Bond counsel Paul Braden of Norton Rose Fulbright told the corporation the first agenda item was the board's organizational business, including adoption of proposed bylaws and the election of initial officers. "The first item, 5.1, is the organizational meeting of the board," Braden said. He said the bylaws mirror common HFC practice and outlined proposed officers: the mayor as president, the mayor pro tem as vice president, the city secretary as corporate secretary, the city's interim manager as executive director and the director of neighborhood services as deputy executive director; a treasurer role would be filled by the city's director of finance if created in the future.

The corporation approved Resolution HFC2025-01 adopting the bylaws, establishing a corporate seal, setting the…