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Court signs General Certificate for Alamo Area Housing Finance Corp. bonds for Cedar Bluff Apartments (up to $35M); county not incurring debt
Summary
Comal County approved a General Certificate for the Alamo Area Housing Finance Corporation to support issuance of multifamily housing revenue bonds for Cedar Bluff Apartments Series 2024 (aggregate principal up to $35,000,000). Commissioners emphasized the county is not authorizing or incurring debt; the action documents the county's membership in the housing finance body.
The Comal County Commissioners Court approved a General Certificate confirming the county’s membership in the Alamo Area Housing Finance Corporation and authorized submission of the certificate to the Texas Attorney General in connection with multifamily housing revenue bonds for Cedar Bluff Apartments Series 2024 in the aggregate principal amount of up to $35,000,000.
The judge explained the action was primarily documentation to enable the Alamo Area Housing Finance Corporation to proceed: the county is a member of the corporation and must certify facts to the Attorney General. Commissioner Webb clarified the county was not incurring or authorizing any debt, saying, "More than anything, we're not incurring any debt." The court approved the certification by voice vote.
