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.
Policies Available for Public Comment
The Corporation is publishing draft Guidelines, Scoring Criteria and Targeted Housing Needs for the Allocation of Qualified Residential Rental Project Tax Exempt Bonds under the Multifamily Housing Private Activity Bond Program Request for Proposals and the 501(c)(3) Bond Program Policies for Calendar Year 2019. The Board approved the draft at the October Board Meeting held on October 18, 2018.
Draft 2019 Multifamily Tax Exempt Bond Policy and RFP
The Corporation will include written public comments received before December 1, 2018 in its final recommendations to the Board at the December Board Meeting. Please submit all public comments or questions in writing to email@example.com.
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
TSAHC has an open application cycle year round. Please review our guidelines and policies before submitting an application.
1. Programs Policies and Request for Proposals
2. Development Partnership Guidelines
3. Refunding and Restructuring Policy
Click on the links below to read about our current portfolio and proposals under consideration.
Proposals Under Consideration
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.