Multi-Family Bonds

Multi-family bonds are used to assist with financing rental developments. All AFHC multi-family, bond-financed projects must be SMART Housing certified before presentation to the AHFC board for final approval. Applications for multi-family bonds are accepted once a year for participation in the Texas Bond Review Board lottery held in October.

Single-Family Bonds

The AHFC exchanged its single-family bond authority for a Mortgage Credit Certificate (MCC) program, which assists first-time homebuyers. Opting for an MCC provides greater benefits to homebuyers, because MCCs are not interest-rate sensitive. MCCs are tax credits that reduce the federal income taxes of qualified buyers purchasing a qualified residence. A family's annual tax savings could be as much as $2,000 per year. This means the homebuyer has up to $2,000 per year of spendable cash to afford a home or have a reduced mortgage payment.

Private Activity Bonds

Private activity bonds are available through the AHFC. Contact AHFC Representative David Potter at 512-974-3192 for more information.