The FMSbonds, Inc. investment banking team brought approximately $34.6 million in special assessment bond financings to market for two master-planned residential developments in Anna, Texas.
The financings include $24,844,000 for the Liberty Hills Public Improvement District No. 1 Improvement Area #1 project and $9,729,000 for The Landing Public Improvement District Improvement Area #1.
From Jan. 1 through Aug. 12, 2026, FMSbonds, Inc. has priced, closed or is currently marketing 48 Texas Special Assessment bonds representing more than $601 million in bond par. Since January 2019, the firm has marketed and underwritten 387 Texas special assessment deals representing over $4.2 billion in Texas bonds, approximately 95% in market share.*
Jan. 1, 2026 – Aug. 12, 2026
Number of Texas PID Underwritings*
- FMSbonds – 48
- All Other Firms – 3
Jan. 1, 2019 – Aug. 12, 2026
Number of Texas PID Underwritings*
- FMSbonds – 387
- All Other Firms – 20
Liberty Hills
Liberty Hills is planned as an approximately 140-acre master-planned community developed by Shaddock Homes & Grand Homes. Improvement Area #1 is comprised of more than 84 acres and is expected to include 267 single-family residential lots. Development of Improvement Area #1 began in April 2026 and is expected to be completed in November 2027, with home construction expected to begin by the fourth quarter of 2027.
The Landing
The Landing is an approximately 82-acre master-planned residential community expected to include 327 single-family residential lots. Improvement Area #1 consists of approximately 49.21 acres and 184 single-family residential lots. Construction of the Improvement Area #1 improvements began in July 2025 and is expected to be completed in November 2026. Taylor Morrison Home Corporation is the developer.
For more information, call Tripp Davenport at 214-418-1588 or email tdavenport@fmsbonds.com
* Based on data from the Texas Municipal Advisory Council through Aug. 12, 2026, with market-share calculations performed by FMSbonds, Inc. Market share is calculated by number of qualifying Texas PID bond issues, with each issue credited entirely to its senior manager. Excludes PID bonds supported by ad valorem taxes and out-of-state conduit issuers, including Wisconsin PFAs, that were not reviewed or approved by the Texas Attorney General. Percentages may not total 100% due to rounding.
This article contains forward-looking statements regarding the project’s anticipated development, including projected lot/unit counts, home counts, construction timing, and planned amenities, which are based on the developer’s current plans and are subject to change. Actual results may differ materially due to construction delays, market conditions, financing, permitting, or other factors. This article is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities. Any such offer is made only by the official statement, which should be reviewed in full before making any investment decision. FMSbonds, Inc. undertakes no obligation to update these statements.