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Presentation, discussion, and possible action regarding the Issuance of Multifamily Housing Revenue Bonds (Torrington Wilmer) Series 2026, Resolution No. 26-012 and a Determination Notice of Housing Tax Credits
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RECOMMENDED ACTION
recommendation
WHEREAS, the Board adopted an inducement resolution for Torrington Wilmer at the Board meeting of October 10, 2024;
WHEREAS, an application for Torrington Wilmer requesting 4% Housing Tax Credits, sponsored by Torrington Wilmer GP, LLC, and the Dallas County Housing Finance Corporation, was submitted to the Department on October 6, 2025;
WHEREAS, a Certificate of Reservation was issued in the amount of $48,000,000 on February 12, 2026, with a bond delivery deadline of August 11, 2026; and
WHEREAS, staff recommends approval of the issuance of Multifamily Housing Revenue Bonds for Torrington Wilmer (Series 2026) and the issuance of a Determination Notice;
NOW, therefore, it is hereby
RESOLVED, that the issuance of Multifamily Housing Revenue Bonds (Torrington Wilmer) Series 2026, in the amount of $45,000,000, Resolution No. 26-012, is hereby approved in the form presented to this meeting;
FURTHER RESOLVED, the issuance of a Determination Notice of $4,166,508 in 4% Housing Tax Credits for Torrington Wilmer, subject to underwriting conditions that may be applicable as found in the Real Estate Analysis report posted to the Department's website, is hereby approved in the form presented to this meeting; and
FURTHER RESOLVED, that if approved, staff is authorized, empowered, and directed, for and on behalf of the Department to execute such documents, instruments and writings and perform such acts and deeds as may be necessary to effectuate the foregoing.
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BACKGROUND
General Information: The Multifamily Housing Revenue Bonds will be issued in accordance with Tex. Gov't Code ?2306.353 et seq., which authorizes the Department to issue bonds for its public purposes, as defined therein. Tex. Gov't Code ...
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