Transaction Details

Par Amount:

$11,155,000

Interest Rate:

5.875%

Closing Date:

08/22/2024

Debt Structure:

Current Interest Bonds

Pledged Revenue:

Proceeds from the sale of bonds from Harris County MUD No. 544

Use of Proceeds:

Reimbursement and funding of eligible public improvements
Aerial of Indian Springs Project

Indian Springs

Harris County

  • Indian Springs is a 138-acre residential master-planned community located within the City of Houston, Texas, approximately 30 miles northeast of downtown Houston. Indian Springs is entirely located within Harris County Municipal Utility District No. 544.
  • The project is being developed by Windy Hill Development.
  • At full build out, Indian Springs is anticipated to include 600 single-family residential units and various community amenities.
  • At the time of issuance:
    • 100% of the single-family lots were under contract with multiple third-party homebuilders.
    • $5.2M in eligible reimbursable expenses had been incurred and were currently outstanding to the Developer.