Private Activity Bond Allocation Program
2017 Program Year
Important Dates
October 5 - 20, 2016 - Completed applications due to the Texas Bond Review
Board. Sec. 1372.028(b)
On and after October 20, 2016 applications for 2017 are accepted in the
order in which they are received.
November 3, 2016 (10:00 AM) - If needed, PAB Lottery for 2017 Private Activity
Bond allocations at the Capitol Extension Room 02.026
January 2, 2017 - First day of the 2017 program year
The earlier of close on 2016 carryforward or February 15, 2017 -
deadline to file form 8328 with the IRS if in receipt of carryforward.
March 1, 2017 - 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 1, 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, 2017 - Single Family set-asides collapse. Sec.
1372.023(a), Sec. 1372.0222, Sec. 1372.0223
August 15, 2017 - All sub-ceilings collapse. Volume cap is reserved
based upon lottery number. Priority remains a factor for
residential rental projects.
November 15, 2017 - Last day to issue a reservation for 2017.
November 16 - December 31, 2017 - Any recycled volume cap will be designated
for Traditional Carryforward.
Resources