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.

Draft Bond Program Policies and Request for Proposals Available for Public Comment

The Texas State Affordable Housing Corporation (“Corporation”) has posted the draft of its 2017 Tax-Exempt Bonds Program Policies and Request for Proposal for public comment. The public comment period will run until December 1, 2016.  Comments may be submitted in email at Comments will also be accepted by phone, USPS or any other means at the offices of the Corporation. For more information please contact David Danenfelzer, Senior Director of Development Finance by phone at: 512-477-3562 or by email:

Comments submitted by mail should be sent to:

Texas State Affordable Housing Corporation
Attn: Senior Director of Development Finance
2200 East Martin Luther King Jr. Blvd.
Austin, Texas 78702

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 Guidelines

TSAHC has an open application cycle year round. More information including details about the process of submission and approval is in the below materials.

Programs Policies and Request for Proposals
Refunding and Restructuring Policy


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.

Current Portfolio

Past Issuances

Past Request 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. Developers should consult directly with TDHCA about the housing tax credit program.