Multifamily Tax-Exempt Housing Bonds
TSAHC has issued more than $730 million in multifamily tax-exempt bonds to help build or preserve affordable rental housing in Texas. We receive 10% of the state’s annual private activity bond volume cap for rental projects and have the authority to issue everywhere in Texas. We target our funding in areas and for housing types that meet Targeted Housing Needs that our board establishes each year. These bonds are purchased by private investors and are not debt of the state.
Draft Tax-Exempt Bond Program Policies and Request for Proposals Available for Public Comment
The Corporation is publishing draft Tax-Exempt Bonds Program Policies and Request for Proposals for Calendar Year 2018. The Board approved a draft on Oct 19, 2017. The Corporation will include written public comments received before Nov 15, 2017 in its final recommendations to the Board.
Comments may be submitted by email to: email@example.com. Comments will also be accepted by phone at (512) 477-3562, or USPS at the offices of the Corporation sent to:
Texas State Affordable Housing Corporation
Attn: Development Finance Program
2200 East Martin Luther King Jr. Blvd.
Austin, Texas 78702
Draft Guidelines for General Partnerships Available for Public Comment
The Corporation is publishing Draft Guidelines For General Partnerships as they relate to the Corporation’s participation in affordable multifamily developments that meet or exceed the requirements of the Corporation’s Multifamily Tax-Exempt Bond Programs. The Board approved a draft policy on Oct 19, 2017. The Corporation will include written public comments received before Nov 15, 2017 in its final recommendations to the Board.
Please submit all public comments or questions to firstname.lastname@example.org or by phone at 512-477-3562.
Targeted Housing Needs
TSAHC targets the following housing needs in order to fulfill our legislative mandate to meet the needs of underserved housing populations.
1. At-Risk Preservation and Rehabilitation of Existing Affordable Units
2. Housing in Rural and Smaller Urban Markets
3. Senior and Service Enriched Housing Developments
4. Housing in Areas with Disaster Declarations
Download our Multifamily Tax-Exempt Bond brochure to learn more about the program and share with others who may be interested.
Program Policies and Guidelines
TSAHC has an open application cycle year round. Please review our guidelines and policies before submitting an application.
Click on the links below to read about our current portfolio and proposals under consideration.
Because the multifamily or rental housing private activity bond program can be used with the 4% Low Income Housing Tax Credit program, we recommend that developers review the latest information and application materials from the Texas Department of Housing and Community Affairs’ (TDHCA) Multifamily Program Division. Please contact TDHCA if you have questions about the Low Income Housing Tax Credit program.