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

Multifamily Bond Program

Teresa Morales
Director of Multifamily Bonds

Street: 221 East 11th Street, Austin, TX 78701
Mail: PO Box 13941, Austin, TX 78711-3941
Phone: 512-475-3344


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.

Additional Guidance and Resources

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 transactions involving the Department as the Issuer, applicants are required to select a trustee from the Department’s approved list.

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.

The Department, as Issuer, has implemented written post-issuance tax compliance procedures regarding federal tax compliance that include provisions to ensure that all nonqualified bonds are remediated according to the requirements under the Code and Regulations and to monitor the requirements of section 148 of the Code. A copy of the Department’s current post-issuance tax compliance procedures is available here.

Post-Issuance Compliance Procedures (PDF)

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.