Hi @jacobs1633233,
If you are using AEM as a Cloud, please upgrade to version 2021.4.0 or newer as @vanegi suggested. Unfortunately the change included in AEM as a Cloud is not incorporated in AEM 6.5/6.4. You can still create custom component. Please find all details below.
- Overlay /libs/dam/gui/coral/components/admin/schemaforms/formbuilder/formfields/v2/textfield, under apps you should get this /apps/dam/gui/coral/components/admin/schemaforms/formbuilder/formfields/v2/textfield, rename textfield to textarea. In the end this should looks like this:

- Copy textfield.jsp from /libs/dam/gui/coral/components/admin/schemaforms/formbuilder/formfields/v2/textfield to /apps/dam/gui/coral/components/admin/schemaforms/formbuilder/formfields/v2/textarea, and rename it to textarea.jsp, this is the expected structure.

- Edit textarea.jsp and paste below code
<%--
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All Rights Reserved.
NOTICE: All information contained herein is, and remains
the property of Adobe Systems Incorporated and its suppliers,
if any. The intellectual and technical concepts contained
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Dissemination of this information or reproduction of this material
is strictly forbidden unless prior written permission is obtained
from Adobe Systems Incorporated.
--%><%
%><%@include file="/libs/granite/ui/global.jsp" %><%
%><%@ page session="false" contentType="text/html" pageEncoding="utf-8"
import="org.apache.sling.api.resource.ValueMap" %><%
ValueMap fieldProperties = resource.adaptTo(ValueMap.class);
String key = resource.getName();
String resourcePathBase = "dam/gui/coral/components/admin/schemaforms/formbuilder/formfieldproperties/";
%>
<div class="formbuilder-content-form" role="gridcell">
<label class="fieldtype">
<coral-icon alt="" icon="text" size="XS"></coral-icon><%= xssAPI.encodeForHTML(i18n.get("Text Area")) %>
</label>
<sling:include resource="<%= resource %>" resourceType="granite/ui/components/coral/foundation/form/textarea"/>
</div>
<div class="formbuilder-content-properties">
<input type="hidden" name="<%= xssAPI.encodeForHTMLAttr("./items/" + key) %>">
<input type="hidden" name="<%= xssAPI.encodeForHTMLAttr("./items/" + key + "/jcr:primaryType") %>" value="nt:unstructured">
<input type="hidden" name="<%= xssAPI.encodeForHTMLAttr("./items/" + key + "/resourceType") %>" value="granite/ui/components/coral/foundation/form/textarea">
<input type="hidden" name="<%= xssAPI.encodeForHTMLAttr("./items/" + key + "/sling:resourceType") %>" value="dam/gui/components/admin/schemafield">
<input type="hidden" name="<%= xssAPI.encodeForHTMLAttr("./items/" + key + "/granite:data/metaType") %>" value="text">
<%
String[] settingsList = {"labelfields", "metadatamappertextfield", "placeholderfields", "titlefields"};
for(String settingComponent : settingsList){
%>
<sling:include resource="<%= resource %>" resourceType="<%= resourcePathBase + settingComponent %>"/>
<%
}
%>
<coral-icon class="delete-field" icon="delete" size="L" tabindex="0" role="button" alt="<%= xssAPI.encodeForHTMLAttr(i18n.get("Delete")) %>" data-target-id="<%= xssAPI.encodeForHTMLAttr(key) %>" data-target="<%= xssAPI.encodeForHTMLAttr("./items/" + key + "@Delete") %>"></coral-icon>
</div>
<div class="formbuilder-content-properties-rules">
<label for="field">
<span class="rules-label"><%= i18n.get("Field") %></span>
<%
String[] fieldRulesList = {"disableineditmodefields", "showemptyfieldinreadonly"};
for(String ruleComponent : fieldRulesList){
%>
<sling:include resource="<%= resource %>" resourceType="<%= resourcePathBase + ruleComponent %>"/>
<%
}
%>
</label>
<label for="requirement">
<span class="rules-label"><%= i18n.get("Requirement") %></span>
<% String requiredField = "v2/requiredfields"; %>
<sling:include resource="<%= resource %>" resourceType="<%= resourcePathBase + requiredField %>"/>
</label>
<label for="visibililty">
<span class="rules-label"><%= i18n.get("Visibility") %></span>
<% String visibilityField = "visibilityfields"; %>
<sling:include resource="<%= resource %>" resourceType="<%= resourcePathBase + visibilityField %>"/>
</label>
</div>In general above code is a copy of textfield.jsp, where granite/ui/components/coral/foundation/form/textfield has been changed to granite/ui/components/coral/foundation/form/textarea - Overlay /libs/dam/gui/coral/components/admin/schemaforms/formbuilder/v2/builditems.jsp, under apps you should see below structure /apps/dam/gui/coral/components/admin/schemaforms/formbuilder/v2/builditems.jsp

- Edit /apps/dam/gui/coral/components/admin/schemaforms/formbuilder/v2/builditems.jsp and add below code.
<li class="field" data-fieldtype="text" tabindex="-1" role="menuitem">
<div class="formbuilder-template-title"><coral-icon icon="text" alt="" size="M"></coral-icon><span><%= i18n.get("Text Area") %></span></div>
<script class="field-properties" type="text/x-handlebars-template">
<sling:include resource="<%= fieldTemplateResource %>"
resourceType="dam/gui/coral/components/admin/schemaforms/formbuilder/formfields/v2/textarea" />
</script>
</li>You can place above code snippet between list elements representing Single Line Text and Multi Value Text - Final result looks like that:

