Proceeds from the sale of bonds from Harris-Waller County MUD No. 12 & Montgomery County MUD No. 212
Use of Proceeds:
Reimbursement of eligible public improvements
Oakwood Estates & Stonebrooke
Harris & Montgomery Counties
This financing included a pooled issuance for two of Ashton Gray Development’s projects, Oakwood Estates and Stonebrooke, which are both located in the Houston MSA.
The project is being developed by Ashton Gray Development.
Oakwood Estates is a 183-acre mixed-use master-planned community located within the City of Waller, Texas and entirely within Harris-Waller County Municipal Utility District No. 12. At full buildout, Oakwood Estates is anticipated to include 548 single-family residential units, 10 acres of multi-family, and various community amenities.
Stonebrooke is a 62-acre residential community located within Montgomery County, Texas and entirely within Montgomery County Municipal Utility District No. 212. At full build out, Stonebrooke is anticipated to include 269 single-family residential units and various community amenities.
At the time of issuance:
99% of the single-family lots are under contract with third-party homebuilders.
$19.8M in outstanding eligible infrastructure expenses.
