Texas

HUD awarded nearly $1.5 billion to support seven states in their recovery from 2018 disasters, including Hurricane Michael, Hurricane Florence and wildfires in California.

The Texas Department of Housing and Community Affairs (TDHCA) posted the 2019-2 Multifamily Predevelopment Special Purpose NOFA Application Log.

The next meeting of the Texas Department of Housing and Community Affairs (TDHCA) Disability Advisory Workgroup (DAW) will take place on May 8, 2019 from 1-2:30 pm CDT.

Red Stone Tax-Exempt Funding (Red Stone) successfully structured and closed three tax-exempt and taxable bond transactions totaling $85.27 million via its Red Stone Direct investment platform.  These investments will provide debt financing for the new construction of affordable rental communities in California, Texas, and Utah. 

The Texas Department of Housing and Community Affairs (TDHCA) will host a LIHTC compliance training in San Antonio on May 8 from 8:30 am to 4:30 pm CDT at the Norris Conference Center – San Antonio, 618 NW Loop 410, Ste. 207, San Antonio 78216. Lunch will be provided from noon to 1 pm.

The Multifamily Finance Division of the Texas Department of Housing and Community Affairs (TDHCA) will hold the second planning meeting for the 2020 Qualified Allocation Plan (QAP) on April 24 from 2-5 pm CST, in the Stephen F. Austin Building, Room 170 – 1700 Congress Avenue.

The Multifamily Finance Division of the Texas Department of Housing and Community Affairs (TDHCA) posted the 2020 Qualified Allocation Plan (QAP) Project Plan. The 2020 QAP Project Plan will guide staff’s stakeholder engagement process in order to develop ideas to be considered in the development of the 2020 QAP.

9% LIHTC applications will be prioritized over applications submitted under the 4% LIHTC program over the next several months, due to the July 31 statutory deadline associated with the processing and reviews of 9% LIHTC applications,

The Texas Department of Housing and Community Affairs (TDHCA) Multifamily Finance Division has posted the following Multifamily Predevelopment items to its website:

The Texas Department of Housing and Community Affairs’ (TDHCA) Multifamily Finance Division published the 2019 Multifamily Direct Loan Program Overview Webinar and the 2019-1 Multifamily Direct Loan NOFA Application Log. TDHCA’s Multifamily Finance Division also posted an updated 2018-1 Multifamily Direct Loan NOFA Application Log.

The Texas Department of Housing and Community Affairs’ (TDHCA) Multifamily Finance Division has been made aware that Tab 12 of the 2019 Multifamily Uniform Application, related to Support Documentation for the Site Information Form Part III, does not list Site Control documents as documents that should be included in the Application. Per 10 TAC Section 11.204(10), documentation of Site Control is required at the time of Application submission. Applicants should refer directly to the rules when determining which documents to include in the Application.  

The Michaels Organization successfully closed on $61 million in financing for Mission Trail at El Camino Real, a new mixed-income housing community in San Marcos, Texas, that will serve the city’s growing workforce. The majority of the 352 apartments will be reserved for households earning 60 percent or less of the area median income, while 10 percent of the units will be reserved for individuals and families earning less than 140 percent of the area median income. The community will also offer 35 apartments without any income restrictions