Multifamily Tax-Exempt Housing Bonds

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. 

Draft Bond Program Policies and Request for Proposals Available for Public Comment 

The Corporation is publishing for public comment the draft of the 2025 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. The draft was approved for publication by the Board of Directors at the July Board Meeting held on July 16, 2024.

 Draft 2025 Multifamily Bond Program Policies and RFP  (link)

All public comment or questions about the Draft Policies and RFP may be submitted via email to [email protected]The Corporation will include written public comments received before August 6, 2024, in its final recommendations to the Board of Directors at the August 20, 2024, Board Meeting.

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

1. Programs Policies and Request for Proposals **updated 8/22/2023
2. Refunding and Restructuring Policy
3. 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.