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.

Applications Now Being Accepted

TSAHC is reopening our application cycle for private activity bonds. An applicant that was awarded volume cap for this year has withdrawn and we have approximately $19.5 million in volume cap available for new projects. The new application cycle will be a first-come, first-qualified process, per the 2024 Multifamily Tax-Exempt Bond Programs Policies and Request for Proposals

Applicants must be able to reserve private activity bond volume cap on or before August 1st, 2024.  TSAHC’s annual allocation of volume cap expires on August 15th, so Applicants must be prepared to move forward in a timely manner. 

Click here to view the application. Potential applicants are encouraged to schedule a conference call or virtual meetings with staff prior to submission of their application. For written questions, please use the email: [email protected]. Virtual meetings may be scheduled through our MS Bookings.  

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 8/22/2023
2. Refunding and Restructuring Policy
3. 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.