The board approved spending up to $500,000 for the Park at Dogwood, a 76-unit affordable housing project by the Park Companies.
The EDC will pay New Braunfels Utilities impact fees on the developer's behalf to help close the project's funding gap, as staff recommended. The recorded vote was unanimous. The approved ceiling is a commitment of up to that amount, rather than a record here of fees already paid.
Rendering from the record
The New Braunfels Economic Development Corporation met Thursday, Oct. 15, 2026, at 5 p.m. in City Hall Council Chambers, 550 Landa St. Its posted agenda placed the Dogwood request before the board for a public hearing and possible action. That proposal preceded the recorded approval; the agenda itself does not establish a vote.
What the housing approval covers
The funding mechanism matters for the project's 76 planned affordable housing units: New Braunfels Utilities impact fees would be paid by the EDC on the developer's behalf. The reviewed outcome describes this as staff's recommended way to help close a funding gap. It does not, by itself, state a completed payment, a construction timetable or final occupancy terms. The public action established the spending limit and purpose; the subsequent agreement and payment records are the next way to verify implementation.