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.

Notice to 2023 Private Activity Bond Applicants:

TSAHC received three applications for its remaining 2023 private activity bond volume cap on or before October 3rd, 2022. These applications exceeded the remaining volume cap estimates, and we are now closing the 2023 cycle to new applicants.  

If additional volume cap becomes available or current applicants withdraw from the program we will update this website. 

If you have any questions about the 2023 applications in our pipeline or the program in general, please contact our staff via email at: [email protected]

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

1. Programs Policies and Request for Proposals **updated 9/27/2022
2. Joint Venture Development Guidelines
3. Refunding and Restructuring Policy
4. Application


**PLEASE NOTE: Applications and other information submitted to TSAHC is subject to the Texas Public Information Act, Texas Government Code, Chapter 552, and may be subject to disclosure to the public. 

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.