The Texas Department of Housing and Community Affairs (“TDHCA”) has released the Proposed New 10 TAC Chapter 13, Multifamily Direct Loan Rule. The public comment period on the Proposed New Multifamily Direct Loan Rule will be accepted until Friday, Oct. 12, 2018, at 5 p.m. Austin local time.

The proposed rule can be found on TDHCA’s Public Comment Center at: http://www.tdhca.state.tx.us/public-comment.htm and on the TDHCA Multifamily Finance Division web page at: https://www.tdhca.state.tx.us/multifamily/announcements.htm or https://www.tdhca.state.tx.us/multifamily/nofas-rules.htm.

Written comments may be submitted to the Texas Department of Housing and Community Affairs, Attn: Andrew Sinnott, P.O. Box 13941, Austin, Texas 78711-3941; or by email to andrew.sinnott@tdhca.state.tx.us; or by fax to 512-482-8851. ALL COMMENTS MUST BE RECEIVED BY 5 P.M. Austin local time, Friday, Oct. 12, 2018.

TDHCA has also released an updated Application Log for applications received under the 2018-1 Multifamily Direct Loan Notice of Funding Availability (“NOFA”). More than $50 million in Multifamily Direct Loan funding is available to for-profit and nonprofit organizations to develop affordable multifamily rental housing throughout the State. Applications will continue to be accepted until 5 p.m. Austin local time, on Friday, Nov. 30, 2018.

The updated Application Log can be found at: http://www.tdhca.state.tx.us/multifamily/home/index.htm.

Finally, the Proposed New 10 TAC Chapter 11, Qualified Allocation Plan, which includes threshold requirements for Direct Loan applications, can be found TDHCA’s Public Comment Center at: http://www.tdhca.state.tx.us/public-comment.htm and on the TDHCA Multifamily Finance Division web page at: https://www.tdhca.state.tx.us/multifamily/announcements.htm or https://www.tdhca.state.tx.us/multifamily/nofas-rules.htm.

If you have any questions about the Multifamily Direct Loan Rule, the 2018-1 NOFA, or if you identify any errors in the log, please contact TDHCA Multifamily Loan Programs Administrator Andrew Sinnott at andrew.sinnott@tdhca.state.tx.us or 512-475-0538