Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
HFC approves security-assurance agreement requiring developer-led security measures for financed projects
Summary
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.
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.
Jonathan Kranz, bond counsel (Tully Heart), described the form included in the board packet as the culmination of months of work to increase security parameters for projects that participate in HFC financings. He said the agreement would be executed as part of the final closing documents and require a developer to enact a range of security measures —…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
