HFC approves security-assurance agreement requiring developer-led security measures for financed projects
The Tarrant County Housing Finance Corporation approved a form security-assurance agreement to be executed at bond closings that places responsibility for lighting, cameras and crime-prevention design on developers and includes penalties for noncompliance; one board member abstained.
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The Tarrant County Housing Finance Corporation approved a security-assurance agreement that will be required as a condition for participation in HFC bond financings, placing responsibility for site security on developers rather than the corporation.
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