Multifamily Private Activity Bond Program
Highlights
The Texas State Affordable Housing Corporation has approved its Multifamily Private Activity Bond Program Request for Proposals (“RFP”) for program year 2010. All comments or questions about the draft RFP can be sent to: ddanenfelzer@tsahc.org or call David Danenfelzer at: 512-477-3562.
2010 Multifamily Private Activity Bond Program RFP
Program Summary
The Corporation is proud to serve low-income Texans by providing affordable financing through our private activity bond (PAB) program. During the 78th Regular Session (2003), the Texas Legislature awarded 10 percent of the State's multifamily PAB volume cap to the Corporation. With approximately $48 million for 2010, the Corporation will continue to work with a variety of developers serving the Corporation’s targeted housing needs in underserved markets across the state.
The 2010 Request for Proposals (RFP) is available through the links below and details the process for submitting applications and the Corporation’s review process. Staff is available to talk with interested developers about their development proposals. Please contact David Danenfelzer, by phone at 512-477-3555 ext. 403, or by email at: ddanenfelzer@tsahc.org
The RFP and Application materials for the program are also available through the following links.
Because the PAB program is so closely linked to the 4% Housing Tax Credit program, we recommend that developers review the latest information and application materials from the Texas Department of Housing and Community Affairs’ (TDHCA) Multifamily Program Division. Developers should consult directly with TDHCA about the housing tax credit program.
Trustees
The Corporation’s Board has approved the following financial institutions to participate in the Multifamily Private Activity Bond program as Trustees. The Corporation does not play a role in the selection of Trustees on individual transactions. Developers are responsible to communicating and finalizing Trustee agreements with the entity of their choosing.
Regions Bank, N.A.
Mark Dault, Vice President of Corporate Trust
1111 W. Mockingbird Lane, Suite 1200
Dallas, Texas 75247
Phone: 214-678-2577
Fax: 214-678-3992
Email: mark.dault@regions.com
Wells Fargo Banks, N.A.
Sherri Owen, Manager of Corporate Trust Relations
1445 Ross Avenue, 2nd Floor
Dallas, Texas 75202
Phone: 214-668-6450
Fax: 214-777-4086
Email: sherri.h.owen@wellsfargo.com
Informative Links
If you'd like more information about private activity bonds check out some of these websites.
National Assocation of Local Housing Finance Agencies (NALHFA)
Texas Assocation of Local Housing Finance Agencies (TALHFA)
Texas Department of Housing and Community Affairs (TDHCA)
Texas Bond Review Board (TBRB)
If you’d like information about the history of the Corporation’s PAB program and documents issued in previous years, check out the Private Activity Bond Archives.
Compliance
The Corporation's bond-financed properties must report on their compliance with the program and the bond documents. The Corporation has developed a convenient way for you to submit your compliance reports online. Click here for the 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 the Corporation as well as with other housing finance agencies in Texas .
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