Proceeds from the sale of bonds from Comal County WID No. 3 & 3A
Use of Proceeds:
Reimbursement and funding of eligible public improvements
Mayfair
Comal County
The Mayfair master-planned community is 37 miles northeast of Downtown San Antonio and 43 miles southwest of Downtown Austin in the extra-territorial jurisdiction of the City of New Braunfels. The project is entirely located within Comal County Water Improvement Districts Nos. 3, 3A, and 3B.
The project is being developed by Southstar.
The project is anticipated to include 2,881 single-family detached homes, 136-acres of commercial development, an elementary and middle school, parks, trails, and a recreation center.
Since the issuance of the Series 2024A-4 Bonds:
The Developer has invested $56.2M in public improvements, 248 residential units have been constructed, and a Costco is complete and open.
At the time of issuance:
55%of lots were under contract with third-party homebuilders and $41.7M in lotsale proceeds and $7M of non-refundable earnest money had been deposited.
46%of lots and 21% of homes were finished or under construction.
