HOUSTON – NOVEMBER 26, 2019 – Coats Rose attorney Tim Green represented the developer in the creation of a 107-acre public improvement district (“PID”) in Tomball, Texas. The PID was created for the purpose of financing public infrastructure to a serve single-family residential development.
“PIDs are becoming a much more common and accepted development financing tool in the Houston-metropolitan area,” said Green, “In the near future, the Houston development community will see the creation of many more PIDs, as cities will continue to use them to finance public infrastructure to serve development both inside their corporate limits and in their extra-territorial jurisdiction.”
Tim Green specializes in public finance throughout Texas, including particularly the creation of special purpose districts to finance public infrastructure. He has been involved in the development of thousands of acres of land for residential and commercial purposes, and the issuance of over $15 billion of tax-exempt bonds for the financing of public infrastructure.
About Coats Rose, P.C.
Coats Rose is a transactional and litigation law firm focused on development: the development of real estate, affordable housing, special purpose districts, business and private wealth. We provide legal counsel to businesses, governmental entities corporate and high-net worth clients across the U.S. and internationally. For over 30 years, the firm has leveraged its vast legal experience to fulfill clients’ needs spanning real estate law, affordable housing and community development, public finance, construction/surety law, commercial litigation, government relations, intellectual property, mergers and acquisitions, securities law, tax, wealth planning and preservation. In addition to its headquarters in Houston, Coats Rose has offices in Dallas, Austin, San Antonio, New Orleans and Cincinnati. Learn more at www.coatsrose.com.