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Presentation, discussion, and possible action on an order adopting the repeal of 10 TAC Chapter 12, concerning the Multifamily Housing Revenue Bond Rules, and an order adopting new 10 TAC Chapter 12 concerning the Multifamily Housing Revenue Bond Rules, and directing the publication in the Texas Register
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RECOMMENDED ACTION
recommendation
WHEREAS, the Texas Department of Housing and Community Affairs (the Department) is authorized to issue multifamily housing revenue bonds for the State of Texas;
WHEREAS, the Department developed the Multifamily Housing Revenue Bond Rules to establish the procedures and requirements relating to the issuance of bonds;
WHEREAS, the proposed repeal and new 10 TAC Chapter 12 were published in the October 24, 2025, issue of the Texas Register for public comment; and
WHEREAS, the public comment period ended November 21, 2025, and comments were received from two commenters relating to this rule;
NOW, therefore, it is hereby
RESOLVED, that the final order adopting the repeal and new 10 TAC Chapter 12 regarding the Multifamily Housing Revenue Bond Rules, together with the preamble presented to this meeting, are approved for publication in the Texas Register, and
FURTHER RESOLVED that the Executive Director and his designees be and each of them are hereby authorized, empowered, and directed for and on behalf of the Department, to cause the amendments to the Multifamily Housing Revenue Bond Rules, together with the preamble in the form presented to this meeting, to be published in the Texas Register and in connection therewith, make non-substantive technical corrections as they may deem necessary to effectuate the foregoing.
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BACKGROUND
The Board approved the proposed changes to Chapter 12 regarding the 2025 Multifamily Housing Revenue Bond Rules (the Bond Rules) at the Board meeting of October 9, 2025, to be published in the Texas Register for public comment. The Department received comment from two commenters relating to the Bond Rules. Staff is recommending the Bond Rules be adopted with clarifying changes as reflected herein based on those comments.