Multifamily Oversight

The Texas State Affordable Housing Corporation (TSAHC) is a non-profit organization created exclusively for the promotion of public health, safety and welfare through the provision of safe, decent and affordable housing for low-income Texans and other underserved populations. The Contract Compliance Services Program serves owners, developers, housing authorities, management companies, property staff and other non-profit organizations.

The goal of the Multifamily Oversight Department is to ensure the provision of safe, decent and affordable housing for residents of apartment communities financed with bonds. The Multifamily Oversight Department currently conducts Asset Oversight and Compliance reviews on 30 properties financed through TSAHC’s 501(c)(3) and Private Activity Bond finance programs. These 30 affordable properties consist of 5,212 units located throughout the state of Texas.

 

Asset Oversight

The monitoring requirements for the Multifamily Tax-Exempt Bond financed properties are set forth in the Asset Oversight Agreement and the Regulatory Agreement included in the bond transaction documents. The monitoring requirements for the Direct Lending properties are set forth in the loan policies and agreements.

TSAHC provides owners, managers and other interested parties with a detailed Asset Oversight Observation report that includes recommendations for improving areas such as policies and procedures, physical condition, and security measures. 

Compliance

TSAHC bond-financed properties must report compliance with the program and loan agreement. TSAHC has developed a convenient way for you to submit your compliance reports online. Click here to access our online system. It is imperative that the compliance reports be filed in a timely manner. Your ability to comply with the necessary monitoring and reporting requirements could affect future financing considerations with TSAHC as well as with other housing finance agencies in Texas.

Asset Oversight Manual
Compliance Manual