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”) at 6:00 p.m. on June 5, 2019, at the Paul Laurence Dunbar Lancaster-Kiest Branch Library, 2008 E Kiest Blvd, Dallas, TX 75216, 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, rehabilitation 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 any working capital for the Project, any reserve funds and cost of issuance for the Bonds. The Project is located at 2719 E. Illinois Avenue, Dallas, Dallas County, Texas 75216 and will be known as the Pythian Manor Apartments. The initial owner of the Project will be Steele Pythian LP. The maximum stated face amount of the Bonds to be issued with respect to the Project is $9,200,000.
All interested persons are invited to attend the public hearing to express orally, 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 Texas State Affordable Housing Corporation, 2200 East Martin Luther King Jr. Boulevard, Austin, Texas 78702, 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 two 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 ddanenfelzer@tsahc.org.
David Danenfelzer
Senior Director of Development Finance Programs
Texas State Affordable Housing Corporation
2200 East Martin Luther King Jr. Boulevard
Austin, Texas 78702
Notice is hereby given of a public hearing to be held by the Texas State Affordable Housing Corporation (the “Issuer”) at 9:45 a.m. on June 12, 2019, at Office of the Issuer, 2200 East Martin Luther King Jr. Blvd., Austin, Texas 78702, 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, rehabilitation 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 any working capital for the Project, any reserve funds and cost of issuance for the Bonds. The Project is located at 2719 E. Illinois Avenue, Dallas, Dallas County, Texas 75216 and will be known as the Pythian Manor Apartments. The initial owner of the Project will be Steele Pythian LP. The maximum stated face amount of the Bonds to be issued with respect to the Project is $9,200,000.
All interested persons are invited to attend the public hearing to express orally, 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 Texas State Affordable Housing Corporation, 2200 East Martin Luther King Jr. Boulevard, Austin, Texas 78702, 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 two 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 ddanenfelzer@tsahc.org.
David Danenfelzer
Senior Director of Development Finance Programs
Texas State Affordable Housing Corporation
2200 East Martin Luther King Jr. Boulevard
Austin, Texas 78702
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.
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
4. Application
Click on the links below to read about our current portfolio and 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.
TSAHC was created in 1994 as a self-sustaining nonprofit housing organization. At TSAHC we believe that every Texan deserves the opportunity to live in safe, decent and affordable housing. Our programs target the housing needs of low-income families and other underserved populations in Texas who do not have acceptable housing options through conventional financial channels. All TSAHC programs are offered statewide, with special attention given to rural areas and other select target areas.
Fair Housing: Know Your Rights
