Title
Presentation, discussion, and possible action regarding resolution no. 27-001 authorizing the issuance, sale and delivery of Texas Department of Housing and Community Affairs single family mortgage revenue bonds or residential mortgage revenue bonds in one or more series and installments; approving the form and substance of related documents; authorizing the execution of documents and instruments necessary or convenient to carry out the purposes of this resolution; and containing other provisions relating to the subject.
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RECOMMENDED ACTION
Adopt Resolution
BACKGROUND
On October 9, 2025, the Board approved Resolution 26-001, authorizing the issuance of single-family Mortgage Revenue Bonds (MRBs) during the Department's fiscal year ending August 31, 2026, in an aggregate principal amount not to exceed $1,100,000,000. The Resolution authorized the issuance of one or more series of bonds under the Department's existing single-family bond indentures and delegated final approval of each individual bond issuance to an Authorized Representative of the Department, subject to a determination that the issuance was in the best interests of the Department and complied with the parameters established by the Resolution.
During FY 2026, the Department successfully issued approximately $1.05 billion of single-family mortgage revenue bonds, providing continuous access to below-market mortgage financing for first-time homebuyers and veterans across Texas. The Department's issuance volume reflected continued strong demand for bond-funded mortgage loans while remaining within the authorization approved by the Board.
With this item, the Department seeks Board approval of Resolution 27-001 (the "Resolution") authorizing the issuance of single-family Mortgage Revenue Bonds ("Bonds") during the fiscal year ending August 31, 2027, in an aggregate principal amount not to exceed $1,750,000,000, to be issued from time to time under one or more of the Department's existing sin...
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