Private Activity Bond Allocation Program
2016 Program Year

Important Dates

October 5 - 20, 2015 - Completed applications due to the Texas Bond Review Board for inclusion of the Lottery. Sec. 1372.028(b)

On or after October 20, 2015 applications for 2016 are accepted in the order in which they are received.

November 5, 2015 (10:00 AM) - If needed, PAB Lottery for 2016 Private Activity Bond allocations at the Capitol Extension Room 02.026.

January 2, 2016 - First day of the 2016 program year

The earlier of close on 2015 carryforward or February 15, 2016 - deadline to file form 8328 with the IRS if in receipt of carryforward

March 1, 2016 - Multi-family volume cap from unsubscribed regions collapses to regions with applications remaining in-line. Unreserved non-metro multi-family set-aside in Houston & Dallas becomes available for metro projects in those region. Sec. 1372.0231(e)

May 2, 2016 - Multi-family local regions collapse to one local HFC "pot." Priority boost is given to priority two and three projects located in areas of the state where the median family income is below that of the state's average. Sec. 1372.0231(g)

August 8, 2016 - Single Family set-asides collapse. Sec. 1372.023(a), Sec. 1372.0222, Sec. 1372.0223

August 15, 2016 - All sub-ceilings collapse. Volume cap is reserved based upon lottery number. Priority remains a factor for residential rental projects.

November 15, 2016 - Last day to issue a reservation for 2016.

November 16 - December 31, 2016 - Any recycled volume cap will be designated for Traditional Carryforward.

Resources