Multifamily Tax-Exempt Housing Bonds
TSAHC has issued more than $600 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.
Notice of Public Hearings
Notice is hereby given of two public hearings to be held by the Texas State Affordable Housing Corporation (the “Issuer”) on the proposed issuance by the Issuer of one or more series of multifamily housing revenue bonds (the “Bonds”) to provide financing for the acquisition, construction and equipping of the following multifamily housing project (the “Project”), as well as to fund working capital for the Project and reserve funds and costs of issuance for the Bonds:
Spring Gardens Apartments, 4540 Lasater Road, Balch Springs, Texas 75181
August 30, 2017
Balch Springs Library Learning Center
12450 Elam Road
Balch Springs, Texas 75180
Notice of Public Hearing
September 14, 2017
Offices of Texas State Affordable Housing Corporation
2200 E. Martin Luther King, Jr. Blvd.
Austin, TX 78702
Notice of Public Hearing
All interested persons are invited to attend the public hearing to express orally, or in writing, their views on the Projects and the issuance of the Bonds. Further information with respect to the proposed Bonds will be available at the hearing or upon written request prior thereto addressed to the Issuer at 2200 East Martin Luther King Jr. Boulevard, Austin, Texas 78702, Attention: David W. Danenfelzer; (512) 477-3562.
Individuals who require auxiliary aids in order to attend this meeting should contact Laura Ross, ADA Responsible Employee, at 512-477-3560 at least two days before the meeting so that appropriate arrangements can be made.
Individuals may transmit written testimony or comments regarding the subject matter of this public hearing to David Danenfelzer at email@example.com.
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.
TSAHC has an open application cycle year round. More information including details about the process of submission and approval is in the below materials.
Current Portfolio and Past Issuances
Click on the links below to read about our current portfolio, past bond issuances and the past program guidelines and requests for proposals.
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.