TSAHC has issued more than $730 million in multifamily tax-exempt bonds to help build or preserve affordable rental housing in Texas. We receive 10% of the state’s annual private activity bond volume cap for rental projects and have the authority to issue everywhere in Texas. We target our funding in areas and for housing types that meet Targeted Housing Needs that our board establishes each year. These bonds are purchased by private investors and are not debt of the state.
**PLEASE NOTE: At this time, TSAHC has allocated all of our anticipated 2022 Private Activity Bond volume cap and is therefore not accepting any new applications for the program. Additional resources will be made available in 2023. Should anything change, we will update this page accordingly.
Notice is hereby given of a public hearing to be held by the Texas State Affordable Housing Corporation (the “Issuer”) to be held at 11:30 a.m on June 17, 2022 and accessible to the public via the telephone and web link as detailed below:
Attendees by weblink may be required to download the webinar software prior to joining the meeting. Please be prepared to do so prior to the start time. Use the following link to attend this public hearing:
Join from PC, Mac, Linux, iOS or Android: https://meetings.ringcentral.com/j/9381728660
To join the webinar by phone only dial: +1 (888) 391-5458 (toll free); The conference code is: 938 172 8660#
This public hearing is on the proposed issuance by the Issuer of one or more series of multifamily housing revenue bonds (the “Bonds”) to provide financing for the acquisition, construction and equipping of a qualified residential rental housing project under Section 142(a)(7) of the Internal Revenue Code (the “Project”), as well as to fund working capital for the Project, reserve funds and cost of issuance for the Bonds. The Project is located at:
| Project(s) | Address | Initial Owner | Maximum Stated Principle Amount($) |
|---|---|---|---|
| Bluff View Apartments | 36025 I-10 Boerne, TX (Kendall County) |
Roers Boerne Apartments Owner LLC | $35,000,000 |
| TOTAL: | $35,000,000 |
The maximum stated face amount of the Bonds to be issued with respect to the Project is $35,000,000.
All interested persons are invited to attend the public hearing to express verbally, or in writing, their views on the issuance of the Bonds. The Bonds shall not constitute or create an indebtedness, general or specific, or liability of the State of Texas, or any political subdivision thereof. The Bonds shall never constitute or create a charge against the credit or taxing power of the State of Texas, or any political subdivision thereof. Neither the State of Texas, nor any political subdivision thereof shall in any manner be liable for the payment of the principal of or interest on the Bonds or for the performance of any agreement or pledge of any kind which may be undertaken by the Issuer, and no breach by the Issuer of any agreements will create any obligation upon the State of Texas, or any political subdivision thereof.
Further information with respect to the proposed Bonds will be available at the hearing or upon written request prior thereto addressed to the Issuer at: [email protected] or at: Texas State Affordable Housing Corporation, 6701 Shirley Ave, Austin, Texas 78752, Attention: David W. Danenfelzer, (512) 477-3562.
Individuals who require auxiliary aids in order to attend this meeting should contact Rebecca DeLeon, at (512) 477-3555 at least five days before the meeting so that appropriate arrangements can be made. Individuals may transmit written testimony or comments regarding the subject matter of this public hearing to David Danenfelzer at [email protected].
David Danenfelzer
Senior Director of Development Finance Programs
Texas State Affordable Housing Corporation
6701 Shirley Ave,
Austin, Texas 78752
The Texas State Affordable Housing Corporation (“Corporation”) has posted for public comment amendments to its 2022 Tax-Exempt Bond Program Policies and Request for Proposals. A copy of the proposed amended policies and request for proposals is available by clicking on the link below.
AMENDED 2022 Tax-Exempt Bond Program Policies and Request for Proposals
All public comment or questions about the Policies and RFP may be submitted via email to [email protected]. The Corporation will include written public comments received before July 12, 2022 in its final recommendations to the Board of Directors at the July Board Meeting.
Comments will also be accepted by USPS at the offices of the Corporation sent to:
Texas State Affordable Housing Corporation
Attn: Development Finance Programs
6701 Shirley Avenue
Austin, TX 78752
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
BrochureDownload our Multifamily Tax-Exempt Bond brochure to learn more about the program and share with others who may be interested.
**PLEASE NOTE: At this time, TSAHC has allocated all of our anticipated 2022 Private Activity Bond volume cap and is therefore not accepting any new applications for the program. Additional resources will be made available in 2023. Should anything change, we will update this page accordingly.
1. Programs Policies and Request for Proposals
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.
