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 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 March 23, 2023 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/8528339667
To join the webinar by phone only dial: +1 (888) 391-5458 (toll free); The conference code is: 8528339667
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 will be known as Juniper Creek and is located at or about 11630-11616 N. Lamar Blvd, Austin, Texas 78753, Travis County.
The initial owner of the Project is FC Juniper Creek Housing, LP. The maximum stated face amount of the Bonds to be issued with respect to the Project is $26,000,000.
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
Posted: 3/8/2023
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].
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.
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.
