Yearly Archives: 2015

Kennedy Wilson represented the seller in the sale of an 18.3 acre parcel of land located at the corner of Old Farm to Market 2243 West and North Bagdad Road in Leander, Texas. Ernest Brown, CCIM, managing director of Kennedy Wilson Brokerage in San Antonio, represented the seller, Firstmark Credit Union, in the transaction. The buyer was Bruce Nakfoor, an active local real estate developer. Further details of the transaction were not disclosed

Governor Greg Abbott today announced that Kubota Tractor and Credit Corporations will relocate their corporate headquarters from Torrance, California to Grapevine, Texas.

Mike Graham Heating And Air Conditioning today announced the launch of www.mgpcomfort.com as an informational portal that features educational resources on subjects such as property value benefits from air conditioning repairs, heating repairs and air cleaners, and many other helpful tips that can save you thousands of dollars in the Wichita Area

Congressman Henry Cuellar (D-TX28) and U.S. Department of Agriculture (USDA) Rural Development Under Secretary Lisa Mensah today announced that Encinal Water Supply Corporation will receive $30,000 in federal funds to complete a Preliminary Engineering Report and Environmental Report. The reports are required for the city to complete an application to apply for financial assistance from USDA Rural Development for water system improvements

The SEC charges were filed in the U.S. District Court for the Northern District of Texas against Novers Financial and its principals Christopher A. Novinger and Brady J. Speers, who live in Mansfield, Texas, and host a financial radio show.

USDA Rural Development Under Secretary Lisa Mensah today announced nearly $30 million for 15 projects to build and improve water and wastewater infrastructure in rural communities across Texas.
USDA Rural Development provided the City of Floresville with a $7.5 million loan and a $1.8 million grant to upgrade a wastewater treatment plant. In addition to USDA funding, the community contributed $180,000 to complete the project.

Attend a learning session, a public hearing and a task force discussion on permanent supportive housing in Fort Worth at 6 p.m. May 13 at Ella Mae Shamblee Public Library, 1062 Evans Ave.

Anyone who has been following recent activities at TDHCA has likely noticed that the federal Housing Tax Credit Program is receiving a lot of attention these days. The Housing Tax Credit (“HTC”) Program is the state’s primary means of directing private capital toward the development or rehabilitation of affordable rental housing.

Agriculture Commissioner Sid Miller today announced the Texas Department of Agriculture (TDA) has awarded $348,365 to the city of Sealy for water, sewer, natural gas and sidewalk infrastructure improvements through the Texas Capital Fund (TCF).

The Housing Authority of the City of Austin (HACA) is pleased to announce the receipt of 10 awards from the Texas chapter of the National Association of Housing and Redevelopment Officials (TX NAHRO) for its initiatives, modernization efforts and publications.

Drawbridge Realty announced today the signing of a new seven-year lease with Younicos AG for approximately 32,500 square feet at 3100 Alvin Devane in Austin, Texas.

Congressman Marc Veasey, TX-33, released the following statement after voting against H.R. 2028, the Energy and Water Appropriations Act, 2016

The Company intends to finance the property with approximately $21.2 million of non-recourse mortgage debt. The purchase price represents a trailing 12-month cap rate of 8.8% on net operating income and a trailing 10.3x EBITDA multiple.

Two senior members of the House Ways & Means Committee are continuing their quest to remove a 1980’s era tax provision that discourages foreign investment in U.S. real estate.

The Housing Authority of the City of Austin (HACA) this week received 44 additional vouchers from the U.S. Department of Housing and Urban Development (HUD) totaling $291,572, bringing the agency’s total HUD-Veterans Affairs Supportive Housing (HUD-VASH) Program allocation to 449.

The Community Development Council will conduct a public hearing at its May 13 regular meeting to receive comment on the 2015-2016 Action Plan for the use of federal grant funds from the U.S. Department of Housing and Urban Development.

The Federal Home Loan Bank of Dallas (Bank) today reported net income of $23.1 million for the quarter ended March 31, 2015. In comparison, for the quarter ended December 31, 2014, the Bank reported net income of $10.8 million. The increase in net income from quarter to quarter was attributable primarily to a favorable change in the Bank's gains (losses) on derivatives and hedging activities ($7.1 million), gains associated with the sales of investment securities in the first quarter ($8.5 million) and a decline in operating expenses ($1.5 million), offset by a decline in net interest income ($3.4 million) and an increase in the Bank's Affordable Housing Program assessment ($1.4 million)

Construction risk expert Leigh Ann Henderson has joined Partner Engineering and Science Inc. (Partner), a national due diligence, design and construction risk management firm headquartered in Torrance, Calif., as a Principal and National Client Manager

Family Gateway is leading the Dallas community to end child homelessness. For the first time in 30 years, the primary facility, Annette G. Strauss Family Gateway Center (Center) dedicated to homeless children and families has received a significant renovation. In the last 3 years, the number of families served by Family Gateway grew 750%. Each night in Dallas, an estimated 5,000 children and their families will not have a safe place to sleep.

The Housing Tax Credit (“HTC”) Program helps finance the development of attractive, high quality affordable rental housing through partnerships with private developers.