Transaction Details

Par Amount:

$18,552,418

Interest Rate:

8.000%

Closing Date:

11/4/2025

Debt Structure:

Capital Appreciation Bonds

Pledged Revenue:

Proceeds from the sale of bonds from Fort Bend Co MUD No. 256

Use of Proceeds:

Funding of eligible public improvements

Fair Meadows

Fort Bend County

  • Fair Meadows is a planned single-family home development located ~39 miles southwest of downtown Houston in unincorporated Fort Bend County. The 746-acre Development is located entirely within Fort Bend County MUD No. 256.
  • The Development is anticipated to include 781 single-family detached residences, parks, creeks, recreation areas, a splash pad, and open space through five phases.
  • Fair Meadows is being developed by Rooted Development.
  • At the time of issuance:
    • 100% of the lots were under contract for sale to Smith Douglas Homes, Empire Homes, and CastleRockwith $4.9M of earnest money deposited;
    • 0% of the lots were finished;
    • 0% of the units were complete or under construction;
    • 0% of the reimbursable budget had been spent.