Foss & Company Announces Historic Rehabilitation of State National Bank Building

The former building in Brownsville, TX, will provide affordable housing and a local grocery store

BROWNSVILLE, Texas, May 28, 2025 /PRNewswire/ -- Foss & Company, a leading tax equity syndicator, is excited to announce its involvement in providing essential tax equity financing for the historic preservation of the 5-story State National Bank building.

Originally serving as the State National Bank, this iconic building will be redeveloped into a vibrant mixed-use property featuring 40 workforce housing apartments and a local grocery store, offering essential amenities to the surrounding community. The redevelopment of the State National Bank Building will provide much-needed housing for the Brownsville workforce and enhance access to local retail services in the area.

"Foss & Company is proud to support the revitalization of such a historic landmark in Brownsville," said John Bowman, partner and managing director, Foss & Company. "This project will provide both affordable housing and convenient retail options for the community, all while preserving a vital piece of the city's history."

"This project brings dignity to downtown, housing to an area that needs it, and access to food to a part of the city that's gone without for too long. We're proud to be part of this historic moment," said Nick Mitchell-Bennett, Executive Director of cdcb.

Foss & Company is committed to advancing projects like the State National Bank Building that foster economic growth and strengthen communities through historic preservation and revitalization. By providing affordable workforce housing and a local grocery store, the project will create jobs, boost local commerce and improve access to essential services in the downtown area, supporting Brownsville's continued growth and economic development.

ABOUT FOSS & COMPANY
Founded in 1983, Foss & Company is a national tax equity investor and fund sponsor that has deployed over $9 billion in tax equity on behalf of insurance, banking, and other large corporate clients into historic rehabilitation projects, renewable energy, and advanced energy production facilities. Foss & Company is a full-service advisor with proven expertise in helping its partners navigate the world of tax equity investments. For more information about Foss & Company, please visit www.FossandCo.com.

SOURCE Foss & Company