A major financing deal will pave the way for thousands of new homes in Fort Bend County, as SAMCO Capital Markets closed a $129.2 million MUD receivable bond to fund initial infrastructure work for developer Hines’ new master-planned community, Heritage Bend, located just south of Cross Creek Ranch off FM 1093.
The project, which spans nearly 3,000 acres, was first announced in January 2025 and is planned to include nearly 3,000 homes in its initial phase, ultimately building out to more than 7,000 residences. According to Michael Libera, Managing Director at SAMCO, the transaction “represents the largest MUD receivable financing to date” where bond proceeds will fund infrastructure construction.
Builders who have secured lots in the first phase include Highland Homes, Toll Brothers, Perry Homes, Lennar, Coventry Homes, Beazer, Newmark, and Westin Homes, with initial home construction expected in 2027…