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Nolina and Sorella Projects

Williamson County and Houston, Texas

This financing includes a pooled issuance for two projects developed by Johnson Development Services: Nolina in Williamson County and Sorella in Houston's extra-territorial jurisdiction. Nolina is a mixed-use master-planned community with 1,341 single-family residential units, 11 acres of commercial, and 18 acres of build-for-rent properties. Sorella is a residential master-planned community with 858 single-family homes and community amenities. 410 homes are pledged to the Series 2024 Bonds.

Par Amount

$48,240,000

Coupon

5.500%

Closing Date

09/04/2024

Debt Structure

Current Interest Bonds

Pledged Revenue

Proceeds from the sale of bonds from Williamson County Municipal Utility District No. 51 & Harris County Municipal Utility District

Use of Proceeds

Reimbursement and funding of eligible public improvements

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