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HFC authorizes multiple bond filings: supplement to trust, two volume-cap applications and assignment of $45 million to TDHCA
Summary
The Tarrant County Housing Finance Corporation approved a trust‑indenture amendment, authorized two volume‑cap applications for multifamily projects, and assigned $45 million of private‑activity volume cap to TDHCA for a single‑family program.
The Tarrant County Housing Finance Corporation approved several bond-related measures, including a technical amendment to a prior trust indenture, authorization to seek volume-cap allocations for two multifamily projects and the assignment of $45 million in single-family volume cap to the Texas Department of Housing and Community Affairs (TDHCA).
First, the board approved a first supplement to the trust indenture between the HFC and BOKF related to a 2022 multifamily tax‑exempt, mortgage‑backed bond financing for Gardens of Haulkham City Apartments series 2022. Board discussion explained the supplement is a routine mechanical amendment to allow cash collateral deposited during construction to be returned to the developer now that Fannie Mae has issued mortgage‑backed securities and the construction phase has concluded. Co-counsel explained the change…
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