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Texas Department of Housing & Community Affairs - Building Homes and Strengthening Communities

Multifamily Bond Program

General Information

The Department is a conduit issuer for the State of Texas with authority to issue tax-exempt and taxable Multifamily Mortgage Revenue Bonds statewide. The bonds are used to fund loans to for-profit and nonprofit developers for the acquisition and rehabilitation or new construction of affordable rental developments. The Multifamily Bond Program is coupled with the Non-competitive (4%) Housing Tax Credit program when the bonds finance at least 50% of the cost of the land and buildings in the Development. Bond pre-applications are accepted on a monthly basis for those seeking to have the Department serve as the bond issuer. For more information, visit the FAQs page.

Municipal Advisor IRMA Notice

For information pertaining to the independent registered municipal advisor exemption under the United States Securities and Exchange Commission ("SEC") Municipal Advisor Rule, please visit the Bond Finance page.

Apply for Funds

Visit the Apply for Funds page for the Bond Pre-Application, Uniform Multifamily Application, and supplemental program materials needed to complete your application. Visit the NOFAs and Rules page for the Uniform Multifamily Rules, Qualified Allocation Plan, and Multifamily Revenue Bond Rules detailing scoring, threshold, and other requirements.

Current Application Cycle Information

2014 4% HTC/Bond Pre-Applications

Additional Guidance and Resources

Additional reference materials for applicants and awardees are included below. For information regarding public hearings and TDHCA Board meetings, please visit the Community Information page. For forums and recent announcements, please visit the Announcements & Forums page. For a list of upcoming events and trainings, please review the Events Calendar.

For information pertaining to Bond Finance, such as the Bond Disclosure Notice, Audited Statements, Investment and Interest Rate Swap Policies, and Single Family Bond information, please visit the Bond Finance page.

Post Award Guidance

Visit Asset Management for due dates and items pertaining to Owner Transfer information, Amendment requests, and Cost Certification. Visit the Compliance page for monitoring guidelines, Annual Owner's Compliance Report information, and the Income and Rent tool.

Multifamily Bonds Reissuance Process

Owners who wish to refund or re-structure tax-exempt bonds that were previously issued by the Department will need to submit a Refunding application utilizing the materials found on the Apply for Funds page. We also encourage owners seeking a refunding to contact the Department well in advance to begin discussions of the process and timeframes necessary to accomplish a refunding.