TSAHC is authorized by statute to act as a housing finance corporation across the State of Texas. We receive 10% of the state’s annual private activity bond volume cap for residential rental projects. Our statute requires us to focus on Targeted Housing Needs that our board reviews and updates each year.
Our tax-exempt bonds are issued on a conduit basis. This means the bonds are purchased by private investors to fund affordable multifamily rental housing, and they do not create a debt or liability to the State of Texas.
The Texas State Affordable Housing Corporation has published amended policies for the Multifamily Tax-Exempt Bond Compliance Policy. A copy of the proposed amendments can be viewed by clicking the link below:
DRAFT Multifamily Tax-Exempt Bond Compliance Policy
Please submit public comment via email to the program manager at [email protected] with the subject line “Multifamily Tax-Exempt Bond Compliance Policy” Public comment must be submitted for consideration by May 22, 2025, at 5:00 p.m.
TSAHC adopts a Request for Proposals and Policies (RFP) for each calendar year. Developers interested in applying must read through our 2025 RFP and submit a complete Multifamily Bond application, both linked below. Developers are also encouraged to schedule a virtual meeting to discuss their project and ask questions about the application process.
FY2025 RFP and Program Policies
FY2025 Multifamily Bond Application
FAQ for 2025 Bond Applications
To schedule a virtual, pre-application meeting with TSAHC staff, please click on the link below.
Applicants seeking to include TSAHC as a joint venture partner must also complete our Joint Venture application, linked below.
**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.
The cornerstone of TSAHC's tax-exempt bond program is our Targeted Housing Needs. Our statute requires TSAHC to review relevant needs assessments and to target our tax-exempt bond allocation for under served housing needs. To that end, we have four primary Target Housing Needs.
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
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.
