title
Presentation, discussion, and possible action regarding the publication in the Texas Register of the 2026-2 Multifamily Direct Loan Notice of Funding Availability
end
RECOMMENDED ACTION
recommendation
WHEREAS, the Department intends to make $34,935,073 available in HOME Investment Partnerships Program funding for the financing of multifamily Developments;
WHEREAS, an additional $300,000 will be made available for community housing development organization (CHDO) operating expenses and capacity building costs in accordance with 24 CFR 92.208; and
WHEREAS, staff recommends prioritizing these funds in this 2026-2 Notice of Funding Availability (NOFA) in a manner that will allow the Department to meet various priorities, commitment and expenditure deadlines;
NOW, therefore, it is hereby
RESOLVED, that the 2026-2 NOFA is approved for publication; and
FURTHER RESOLVED, the Executive Director and staff as designated by the Executive Director are authorized, empowered, and directed, for and on behalf of the Department to execute such documents, instruments and writings and perform such acts and deeds as may be necessary to effectuate the foregoing.
end
BACKGROUND
The 2026-2 NOFA announces the availability of Multifamily Direct Loan funds for Applications received between February 27, 2026, and June 1, 2026 (if sufficient funds remain). Applicants must structure their Application in compliance with the 2025 HOME final rule.
If there are more requests for funding than funding available, staff is requesting the authority to suspend the NOFA or suspend Application Acceptance Dates for one or more set-asides within the NOFA and not accept any more applications by amending the NOFA, without further Board approval. Staff may again begin awarding Application Acceptance Dates if the applications under review are withdrawn, terminated, or recommended for less than the original request, so that there is additional funding available.
Staff is also requestin...
Click here for full text