The Tarrant County Housing Finance Corporation on Oct. 8 voted unanimously to approve submission of a private activity bond application for a Fort Worth family apartments project and to authorize bonds for a separate rehabilitation project, along with routine financial housekeeping.

Board members first received and filed the corporation’s financial statements for the 11-month period ending Aug. 31, 2025. Miss Buchanan, staff, said there was “nothing out of the ordinary, sir.” The board then adopted a resolution to request volume allocation from the Texas Bond Review Board for the Fort Worth family apartments project; bond counsel described that step as a preliminary action that, if allocation is awarded, will return to the corporation for any issuance authorization. Bond counsel Bob Granson, Norton Rose Fulbright, said the applicant is seeking up to $80,000,000 of volume allocation and described the proposal as new construction at an address given in materials as 2450 North Crowley Cleburne Road.

Granson described the item as nonrecourse to the corporation and to the county. He said Dominion Group is the development team for the project and that Dominion representatives were present in the audience. When asked about resident price points, a speaker reported rents at the 60% area median income tier would be roughly $1,100 to $1,400 for three- and four-bedroom units.

The board also authorized issuance of bonds for a rehabilitation project at 8201 Sartain Drive in Fort Worth. Granson said the project was induced in August 2025 and that the project has received $45,000,000 of volume allocation from the Texas Bond Review Board; the team expects to close financing in early December and described Freddie Mac as the anticipated permanent lender, with PNC Bank acting as an interim lender. Granson reiterated that the financing structure is nonrecourse to the corporation.

The board approved the Texas Association of Community Development Corporations annual membership invoice and adjourned after no public comments were offered.

Votes at a glance

- Motion to approve minutes: passed unanimously.
- Motion to receive and file financial statements (11 months ending 08/31/2025): passed unanimously.
- Resolution to submit application(s) for private activity bond allocation to the Texas Bond Review Board and declare expectation to reimburse expenditures with proceeds of future debt for the Fort Worth family apartments project: passed unanimously; applicant seeking up to $80,000,000 of volume allocation; project described as new construction at 2450 North Crowley Cleburne Road; Dominion Group listed as developer (representatives present).
- Authorization to issue bonds for rehabilitation project at 8201 Sartain Drive, Fort Worth: passed unanimously; project induced Aug. 2025; $45,000,000 volume allocation already received; Freddie Mac identified as anticipated permanent lender and PNC Bank as interim lender; anticipated closing in early December.
- Approval of Texas Association of Community Development Corporations annual membership invoice: passed unanimously.

The corporation did not receive public comment at the meeting and made no further announcements before adjourning.