Transaction Details

Par Amount:

$10,250,272

Interest Rate:

7.250%

Closing Date:

04/23/2026

Debt Structure:

Capital Appreciation Bonds

Pledged Revenue:

Proceeds from the sale of bonds from Harris County MUD No. 589

Use of Proceeds:

Reimbursement and funding of eligible public improvements

Mesa Vista

Harris County

  • Mesa Vista is a 178-acre planned single-family residential development located in the City of Houston. Mesa Vista is located entirely within Harris County Municipal Utility District No. 589.
  • The project is being developed by Windy Hill Development.
  • At full build out, Mesa Vista is anticipated to include 674 single-family detached residential units.
  • At the time of issuance:
    • 52% of the lots were under horizontal construction.
    • 100% of the residential lots were contracted with Lennar Homes.
    • $4.8M of non-refundable earnest money had been deposited.
    • 19% of the reimbursable budget had been spent.