The Texas Bond Review Board (BRB) and the Texas Department of Housing and Community Affairs (TDHCA) have compiled a list of Frequently Asked Questions (FAQ) relating to the Private Activity Bond (PAB) Certificate of Reservation (Reservation) process and the Housing Tax Credit (HTC) application submission requirements for applications that participate in the PAB Lottery as well as applications that are submitted post-PAB Lottery.

While this FAQ is a courtesy document to help applicants navigate the requirements, it does not supersede the applicable rules or statutory requirements set forth by the BRB and TDHCA. Where there may be a conflict between this FAQ and the applicable rules and/or statutory requirements, the rules and statutory requirements shall take precedence. Applicants are encouraged to familiarize themselves with the applicable rules and statutory requirements that govern the PAB and HTC programs, seek guidance from their bond issuer/bond counsel, as well as their own counsel before proceeding.

This FAQ may be updated on occasion with additional questions received and applicants are encouraged to review the FAQ periodically for answers to any new questions that have been raised.

Frequently Asked Questions