About the Corporation
The Anna Public Facility Corporation (APFC) was created in 2021 by the City of Anna and operates pursuant to Chapter 303, Local Government Code, for the purpose of assisting the City in financing, refinancing, or providing public facilities. The APFC provides for the acquisition, construction, rehabilitation, renovation, repair, and furnishings of public facilities in the City. The APFC may also serve as an additional bond issuer to significantly expand its access to private activity bond cap for financing affordable housing in the City of Anna.
Current Projects
The CBRE report evaluates the proposed Anna Apartments project, a 340-unit multi-family development in Anna, Texas. The project will be owned by affiliates of the Anna Public Facility Corporation and will benefit from a 100% property tax exemption, setting aside a portion of units for affordable housing. The analysis includes projected costs, operating expenses, and income scenarios. The report demonstrates that the development is feasible only with rental restrictions and tax abatements.
Report: CBRE Underwriting Report - Proposed Meryl Street Apts (PDF).
Board of Directors
The Anna Public Facility Corporation is managed by a board of directors comprised of members of the City Council. Board members elect a president, vice president, secretary, and treasurer.
| Member Name | Position |
|---|
| Stan Carver II | President |
| Elden Baker | Vice President |
| Kelly Patterson-Herndon | Treasurer |
| Pete Cain | Member |
| Kevin Toten | Member |
| Nathan Bryan | Member |
| Manny Singh | Member |
Bylaws
View the Bylaws (PDF).
Staff Contact
Joey Grisham, Economic Development Director, 214-831-5394
Natasha Roach, Economic Development Assistant Director, 214-831-5321
Salena Tittle, Economic Development Manager, 214-831-5364