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

TDHCA Press Room

Community Input Opportunity re: TDHCA’s Housing Tax Credit Program

TDHCA’s 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 offer supportive services tailored to tenants’ needs, such as after school child care, computer and GED classes, consumer credit counseling, and other similar programs.

Beyond that, the program is also a significant economic engine: The typical 100-unit property developed through tax credits generates an estimated $11.7 million in local income, $2.2 million in fees and taxes, and 161 construction and related jobs.

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

The HTC Program is extremely competitive. The Department received 141 full applications for the 2016 program year, which began in January, requesting a total of $143.1 million in credits. The state housing agency, however, has only an estimated $63.3 million in credits to allocate.

Public Comment

Anyone wishing to provide public comment on applications received in the 2016 allocation cycle may do so in writing via traditional mail, fax, or email.

Comment received no later than June 12 will be included in the information provided to the TDHCA Governing Board when it considers this year’s allocation. The final decision will be made by the Board at its July 28 meeting.

Written comment should be addressed to:

Texas Department of Housing and Community Affairs
Attn: Multifamily Housing Division
P.O. Box 13941
Austin, Texas 78711-3941
Fax: 512-475-3941
Email: htc.public-comment@tdhca.state.tx.us

Additional Information

Visit TDHCA’s HTC Web page for more information about the program, including a list of all 2016 Competitive Housing Tax Credit Program application submissions.

 

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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.