Transaction Details

Par Amount:

$129,205,286

Interest Rate:

7.500%

Closing Date:

08/13/2025

Debt Structure:

Capital Appreciation Bonds

Pledged Revenue:

Proceeds from the sale of bonds from Fort Bend County MUD Nos. 275 & 277

Use of Proceeds:

Funding the construction of eligible public improvements
Heritage Bend Project Map

Heritage Bend

Fort Bend County

  • Heritage Bend is a 1,295-acre residential master-planned development located within unincorporated Fort Bend County, Texas (the “Project”). The Project is part of a larger 3,500+ acre Heritage Bend community that is anticipated to include over 7,000 residential units. The Project is entirely located within Fort Bend Municipal Utility District Nos. 275 & 277.
  • The Project is being developed by Hines.
  • At full build out, the Project is anticipated to include 2,927 single-family residential units and various community amenities.
  • At the time of issuance:
    • 100% of the lots were closed to eight homebuilders.
    • $0 of eligible infrastructure costs had been spent.