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

TDHCA Press Room

Community input matters to TDHCAs Housing Tax Credit Program

The Housing Tax Credit (“HTC”) Program helps finance the development of attractive, high quality affordable rental housing through partnerships with private developers.

Properties financed through the program must reserve specific numbers of units for income eligible tenants and cap rents at set levels to ensure affordability.

In addition to a reduced rent, most properties also offer supportive services tailored to tenants’ needs, such as after school child care, computer and GED classes, consumer credit counseling, and other programs.

Beyond that, the program is a significant economic engine. The typical 100-unit property developed through tax credits generates $7.9 million in local income, $827,000 in fees and taxes, and 122 construction and related jobs.

TDHCA, in turn, provides oversight authority for health, safety, and program compliance for up to 30 years to make certain developers maintain the program's high standards.

The HTC Program is extremely competitive. The Department received 173 full applications requesting a total of $175.2 million in tax credits. The state housing agency, however, has only an estimated $60.8 million in credits to allocate.

Public Comment

TDHCA is holding a series of six public hearings throughout the state this month to accept comment on applications received for the 2015 Housing Tax Credit Program cycle.

Texans wishing to provide comment but who were unable to attend the hearings may provide written comment.

Comment received on or before June 12, 2015, will be included in the information provided to the TDHCA Governing Board when considering this year's allocation. The final decision will be made by the Board in July 2015.

Written comment should be addressed to:
Texas Department of Housing and Community Affairs
Multifamily Finance Production Division
P.O. Box 13941 Austin, Texas 78711-3941
Fax: (512) 475-0764
Email: htc.public-comment@tdhca.state.tx.us

Additional Information

Visit TDHCAs HTC Web page for more information about the program, including a list of all 2015 Competitive Housing Tax Credit Program application submissions.

News Releases

News releases are developed by the Communications and Marketing section of the Division of Policy and Public Affairs to publicize TDHCA program activities. These include application funding cycles, program grant awards, special events, board activities, and other relevant information.

Date Headline
02/27/2015 State housing agency to contribute to ambitious makeover of 1,590 units of El Paso public housing
01/21/2015 State housing agency’s $6.7 million financing package to expand affordable rental market in Rio Hondo
10/15/2014 State housing agency expands affordable rental market in Copperas Cove with award
07/31/2014 State housing agency allocates $60.1 million in tax credits; financing tool to create 5,400 units of affordable housing
07/31/2014 State housing agency funds new service providers to fight poverty in Aransas, Refugio counties
07/31/2014 State housing agency funds new service providers to fight poverty in Bee, Kenedy and Kleberg counties
07/31/2014 State housing agency funds new service provider to fight poverty in Live Oak, McMullen counties
06/26/2014 State housing agency’s $1 million contract to help county improve living standards in five colonias (El Paso County)
06/26/2014 State housing agency’s $600,000 contract to help county improve living standards in five colonias (Val Verde County)
06/06/2014 State housing agency joins Governor Perry in saluting, promoting affordable homeownership
05/08/2014 State housing agency commits $5.7 million for major upgrades to Big Spring rental property
05/08/2014 State housing agency commits $5.1 million for major upgrades to Marshall rental property
05/08/2014 State housing agency commits $2.3 million loan toward major upgrades to Victoria rental property
04/10/2014 State housing agency moves to restore key energy assistance program to nine southwest Texas counties
01/27/2014 State housing agency’s $37 million funding package to expand Fort Worth’s affordable rental market
01/27/2014 State housing agency’s $969,000 in housing tax credits to increase affordable rental options in Brownsville