Summary of Economic Impact

1. Total Mortgage Revenue Bond Issues: $62,000,000.
   
   
2. Funds for mortgage loans to first time homebuyers: $50,500,000.
   
   
3. Approximate number of first time homebuyers afforded favorable mortgage loans: 750.
   
   
4. Multi-Family House Revenue Bonds Issued: $12,090,000.
   
   
5. Approximate Economic Development Impact:
   
   a. Multi-Family Apartments: $12,000,000.
   b. Lincoln Tower Retirement Center: $2,000,000.
   c. UTPB Student housing: $1,000,000.
   d. New Single-Family Housing $4,400,000.
   Total: $19,400,000.
   
   
6. Property Tax Valuation Impact:
   
   a. Multi-Family Apartments-Estimated: $8,000,000.
   b. Lincoln Tower $2,100,000.
   c. New-Single Family Housing: $4,600,000.
   Total: $14,700,000.
   d. UTPB Student Housing (tax exempt)
   
   
7. Total Employees – Four (4) full time 
   
8. Number of families who have achieved the American dream of homeownership: 79 and rising