Multifamily Private Activity Bond Program
Highlights
The Texas State Affordable Housing Corporation has approved its 2012 Request for Proposals (“RFP) for the Multifamily Private Activity Bond Program. Prospective applicants are asked to read the complete RFP and the Manager of Development Finance, David Danenfelzer, at: ddanenfelzer@tsahc.org before applying.
2012 Multifamily Private Activity Bond Program RFP
Application for Multifamily Bonds
Program Summary
TSAHC serves low-income Texans by providing financing through our Private Activity Bond (PAB) program to construct or preserve affordable rental housing. TSAHC receives 10% of the State's multifamily PAB volume cap annually and issues these bonds through a competitive request for proposals process. Our multifamily bonds may only be used to support projects that fulfill one of the four targeted housing needs listed below.
- At-Risk Preservation and Rehabilitation
- Rural and Smaller Urban Markets
- Senior and Supportive Housing Developments
- Disaster Relief Housing
The current request for proposals and application materials are available through the links below. Please contact David Danenfelzer, at ddanenfelzer@tsahc.org or 512-477-3562 with any questions.
2012 Request for Proposals
Refunding and Refinancing Policy
Application for PAB & 501c3 Bonds (pdf)
Application for PAB & 501c3 Bonds (word)
Because the PAB program is so closely linked to the 4% 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.
Program History
TSAHC’s Multifamily PAB program was established in 2004 and has since issued more than $104 million in bonds. These properties offer over 2,900 units of affordable rental housing located in more than 19 cities across Texas, including nearly 500 units in rural and smaller urban areas. TSAHC is proud of its ability to offer a flexible alternative to multifamily bond finance in Texas. Check out some of our properties on the map below.
Trustees
The Corporation’s Board has approved the following financial institutions to participate in the Multifamily Private Activity Bond program as Trustees. The Corporation does not play a role in the selection of Trustees on individual transactions. Developers are responsible to communicating and finalizing Trustee agreements with the entity of their choosing.
Bank of Texas
Pamela Black, SVP, Corporate Trust Relationship Manager III
801 Cherry Street, Suite 3325 - Unit 27
Fort Worth, Texas 76102
Phone: (817) 348-5797
Email: PBlack@bankoftexas.com
Regions Bank, N.A.
Mark Dault, Vice President of Corporate Trust
1111 W. Mockingbird Lane, Suite 1200
Dallas, Texas 75247
Phone: 214-678-2577
Fax: 214-678-3992
Email: mark.dault@regions.com
Wells Fargo Banks, N.A.
Judith A Parmenter, VP Senior Account Manager
625 Marquette Ave
Minneapolis, MN 55479
Phone: 612-667-8185
Fax: 612-667-2149
Email: judith.a.parmenter@wellsfargo.com
Informative Links
If you'd like more information about private activity bonds check out some of these websites.
National Association of Local Housing Finance Agencies (NALHFA)
Texas Association of Local Housing Finance Agencies (TALHFA)
Texas Department of Housing and Community Affairs (TDHCA)
Texas Bond Review Board (TBRB)
If you’d like information about the history of the Corporation’s PAB program and documents issued in previous years, check out the Private Activity Bond Archives.
Compliance
The Corporation's bond-financed properties must report on their compliance with the program and the bond documents. The Corporation has developed a convenient way for you to submit your compliance reports online. Click here for the online system . It is imperative that the compliance reports be filed in a timely manner. Your ability to comply with the necessary monitoring and reporting requirements could affect future financing considerations with the Corporation as well as with other housing finance agencies in Texas .
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