More Information and Resources for Bond Financing

Tips for Developers Using Bond Financing

TSAHC accepts applications for tax-exempt bond financing from developers and their financial partners on an ongoing basis through an open Request for Proposals (RFP) process. Bond financing is a complex and time consuming process that requires developers to fund significant pre-development activities (market reports, appraisals, environmental studies, and more) before an application can be reviewed or approved. Developers should speak with TSAHC to determine if their projects meet our targeted housing goals and receive guidance on TSAHC’s review and approval process. Some additional tips:

• Developers should be in contact with one or more financial partners (bond purchaser, underwriter and/or tax credit syndicator) before starting our RFP process.
• Generally, tax-exempt bond properties are larger (100+ units) because of the high cost of issuance and due diligence requirements.
• Tax-exempt bonds generally do not provide all of the financing for a given property. Additional funding sources, like housing tax credits, public grants or owner equity are needed to complete financings.
• The use of tax-exempt bonds does not guarantee or imply property tax exemption for approved properties. Developers should consult with a property tax specialist regarding state laws and exemptions.

 

Bond Transaction Participants and Trustees

TSAHC does not approve or pre-screen underwriters, bond purchasers, market analysts or consultants that participate in our bond programs. TSAHC does require that Developers use one of the following Trustees, which have been approved by our Board to participate in our programs. For trustees interested in joining this list, please contact [email protected] for a copy of the current request for qualifications. 

Amegy Bank of Texas
Amanda Lavin
7700 Highway 71 West, Suite 130
Austin, Texas 78735
Phone: (512) 961-1981
[email protected]

The Bank of New York Mellon Trust Company, N.A.
Seth Crone CFA, CPA
601 Travis Street, Floor 16
Houston, TX 77002
Phone: 713 483 6568
[email protected]
 
Bank of Texas
Kathy McQuiston
5956 Sherry Lane, Suite 1201
Dallas, Texas 75225
Phone: (214) 932-3061
[email protected]
 
Regions Bank, N.A.
Troy D. Simmons, CCTP
3773 Richmond Avenue, Suite 1100
Houston, Texas 77046
Phone: (713) 244-8044
[email protected]
 
Computershare Trust Company, N.A.
Mai Nguyen
600 South 4th Street, 7th Floor
MAC: N9300-070
Minneapolis, MN 55415
Phone: 612 413 8860
[email protected]

UMB Bank
Saúl Ramirez
6034 W Courtyard Drive, Suite 370
Austin, Texas 78730
Phone: 512.582.5858
[email protected]

Wilmington Trust N.A.
Stephen McPherson
15950 North Dallas Parkway, Suite 550
Dallas, Texas 75248
Phone: 972-383-3161
[email protected]

 

Informative Links

• National Association of Local Housing Finance Agencies (NALHFA)
• Texas Association of Local Housing Finance Agencies (TALHFA)
• Texas Department of Housing and Community Affairs (TDHCA)
• Texas Bond Review Board (TBRB)