Texas Department of Housing and Community Affairs MF
Multifamily Note (Mercantile Apartments) Series 2016
$27,116,401 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- September 30, 2016
- Fiscal year issued
- 2017
- Par amount
- $29,500,000
- New money / refunding
- $29,500,000 / $0
- Pledge
- Revenue
- Purpose
- Housing land
- Program
- TDHCA Multifamily
- Sale
- Private placement
- Final maturity
- October 1, 2034
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $27,116,401 | $8,994,310 | $36,110,711 |
| 2025 | Period 1 | $27,352,635 | $9,536,677 | $36,889,312 |
| 2024 | Year end | $27,584,106 | $10,083,689 | $37,667,795 |
| 2024 | Period 1 | $27,810,911 | $10,635,253 | $38,446,164 |
| 2023 | Year end | $27,997,158 | $11,191,277 | $39,188,435 |
| 2023 | Period 1 | $28,214,911 | $11,751,671 | $39,966,582 |
| 2022 | Year end | $28,428,999 | $12,316,348 | $40,745,347 |
| 2022 | Period 1 | $28,638,772 | $12,885,220 | $41,523,992 |
| 2021 | Year end | $28,844,315 | $13,458,204 | $42,302,519 |
| 2021 | Period 1 | $29,045,715 | $13,962,670 | $43,008,385 |
| 2020 | Year end | $29,243,055 | $14,541,666 | $43,784,721 |
| 2020 | Period 1 | $29,436,416 | $15,124,569 | $44,560,985 |
| 2019 | Year end | $29,500,000 | $15,810,302 | $45,310,302 |
| 2019 | Period 1 | $29,500,000 | $16,695,302 | $46,195,302 |
| 2018 | Year end | $29,500,000 | $17,580,302 | $47,080,302 |
| 2018 | Period 1 | $29,500,000 | $18,465,302 | $47,965,302 |
| 2017 | Year end | $29,500,000 | $19,350,302 | $48,850,302 |
| 2017 | Period 1 | $29,500,000 | $20,235,302 | $49,735,302 |
State issues are reported twice each fiscal year. "Year end" is the balance at the end of the fiscal year (reporting period 2), which the totals on this site use; "Period 1" is the earlier report in the same year.
Costs of issuance
Download CSVOne-time costs reported: $538,013, or $18.24 per $1,000 of par (computed here).
| Cost | Paid to | Type | Amount | Per $1,000 |
|---|---|---|---|---|
| Attorney General review | Not reported | One time | $9,500.00 | $0.32 |
| Bond counsel | Bracewell LLP | One time | $175,000.00 | $5.93 |
| Co financial advisor | Kipling Jones & Co Ltd | One time | $5,000.00 | $0.17 |
| Disclosure counsel | McCall Parkhurst & Horton LLP | One time | $6,500.00 | $0.22 |
| Financial advisor | George K Baum & Co | One time | $35,000.00 | $1.19 |
| Issuer fee | Texas Department of Housing & Community Affairs | One time | $284,457.00 | $9.64 |
| Private activity | Texas Bond Review Board | One time | $7,556.00 | $0.26 |
| Trustee | Bank of Texas NA | One time | $5,500.00 | $0.19 |
| Trustee counsel | Naman Howell Smith & Lee PLLC | One time | $9,500.00 | $0.32 |
Source: State Issuance Fee By Year (updated by the publisher Aug 27, 2026); Debt Outstanding By Issuance State By Year (updated by the publisher Aug 26, 2026). Loaded here Oct 3, 2026.
Texas fiscal years run September 1 to August 31.
Figures are as reported to the agency and have not been independently verified.