The Public Financing Authority will issue the Series 2024 Bonds for the purpose of providing funds to finance the costs of (i) construction of new multifamily residential rental housing, the Amplify Lubbock Project.
The Amplify Lubbock Project will be owned and operated by CFC-LSH, LLC, a single member limited liability company organized and existing under the laws of the State of Arizona. Community Finance Corporation is an Arizona nonprofit corporation of CFC-LSH, LLC, whose sole member is the Corporation. The Amplify Lubbock Project includes financing the costs of acquiring, constructing, and equipping, an off-campus student housing facility located on a 14-acre site along Queens Street in Lubbock, Texas.
Upon completion, this facility will represent a quality Garden/Low Rise rental development with unit amenities reflective of typical Class A multi-family development, including premium countertops and appliances, and luxury vinyl plank flooring. The Amplify Lubbock Facilities consist of 174 units and 510 beds within a 3-story building. Units consist of a mix of 1-bed, 2-bed, 4-bed, and 5-bed units, all containing stainless steel appliances, 10-foot ceilings, European-style cabinets, window coverings, tile backsplash, granite or quartz countertops, vinyl plank flooring, undermount sinks, large walk-in closets, full size washer/dryer, and ceiling fans. Community amenities include a resort-style saltwater pool, clubhouse, fitness center, yoga/spin studio, internet café, controlled access gates, game room, storage rooms, grilling areas, dog park, and property-wide bulk data/WIFI.
Construction for the Amplify Lubbock Project will begin in January 2025, with an anticipated completion date of August 1, 2026. Pre-leasing will begin in September 2025. |
