Private Activity Bond Allocation Program
2018 Program Year

Important Dates

October 5 - 20, 2017 - Completed applications due to the Texas Bond Review Board. Sec. 1372.028(b)

On and after October 20, 2017 applications for 2018 are accepted in the order in which they are received.

October 23, 2017 - In accordance with section 418.016 of the Texas Government Code, the Office of the Governor suspends Tex Gov’t Code §1372.037 (4) until August 15, 2018 for qualified residential rental projects within the designated counties eligible for FEMA Individual Assistance.

November 2, 2017 (10:00 AM) - If needed, PAB Lottery for 2018 Private Activity Bond allocations at the Capitol Extension Room 02.026 2018 Lottery Agenda.

January 2, 2018 - First day of the 2018 program year

The earlier of close on 2017 carryforward or February 15, 2018 - deadline to file form 8328 with the IRS if in receipt of carryforward.

March 1, 2018 - 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, 2018 - 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 7, 2018 - Single Family set-asides collapse. Sec. 1372.023(a), Sec. 1372.0222, Sec. 1372.0223

August 15, 2018 - All sub-ceilings collapse. Volume cap is reserved based upon lottery number. Priority remains a factor for residential rental projects.

November 15, 2018 - Last day to issue a reservation for 2018.

November 16 - December 31, 2018 - Any recycled volume cap will be designated for Traditional Carryforward.

Resources