Private Activity Bond Allocation Program
2026 Program Year

General Notices:

Notice Regarding 2026 PAB Lottery Application Deadline: The deadline to submit a 2026 PAB Application for participation in the 2026 PAB Lottery is 5:00 PM (CST) on October 20, 2025. Applications received after 5:00 PM (CST) on October 20, 2025 will NOT be considered for participation in the 2026 PAB Lottery. For questions regarding the PAB program, please email Bond Review Board Staff. PAB filings will be accepted via email at [email protected]. Last day to receive a reservation for the 2026 Program Year is 5:00 PM (CST) on November 13, 2026.

Pursuant to Texas Government Code 1372.037(b) for the 2026 PAB Program Year, the total amount of qualified residential rental project bonds for which reservations are sought did not exceed, as of October 20 of the preceding year, 55.75 percent of the state ceiling. Therefore, the amount of bonds issued to each project may exceed 55 percent of the reasonably expected aggregate basis of the project and the land on which the project is or will be located.

2026 Program Year Important Dates:

Throughout Texas Government Code 1372 and Texas Administrative Code 190, there are several important dates that impact the program. BRB Staff has prepared a schedule detailing the various important dates. While this schedule is a courtesy document to help applicants navigate the program, it does not supersede the applicable rules or statutory requirements set forth by the BRB. Where there may be a conflict between this schedule 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 program, seek guidance from their bond issuer/bond counsel, as well as their own counsel before proceeding.

2026 PAB Important Dates​

2026 Program Year Results:

Pursuant to Texas Government Code 1372.027, the Board shall publish weekly updates regarding the status of the Private Activity Bond Program, including the availability of the state’s ceiling, reservations issued, and closings/allocations issued. Below is a link to the most recent program status update:

2026 PAB Results (last updated 10/29/2026 2:45PM CST)

2026 Lottery Results:

The 2026 PAB Lottery will be held on Wednesday, November 12, 2025 at 1:00pm (CST) as authorized by TAC 190.2(b). Below are links to the Lottery Application Processing report, the Original Lottery results, the Reordering Guide (accounts for the Residential Rental priority system prior to June 1st), and the Shifting Guide (accounts for the Residential Rental priority system on and after June 1st):

2026 PAB Lottery Agenda​

2026 PAB Forms:

Applications for the 2026 program year will be accepted for filing no earlier than 8:00 AM (CST), October 6, 2025. To be eligible to participate in the lottery, the complete application must be filed by 5:00 PM (CST), October 20, 2025. Applications received after October 20, 2025 will be reserved in the order they are received. A FAX will not be accepted for filing. When filing the application, submit either ONE electronic copy of the application form if submitting by electronic submission or ONE original of the application form if submitting by hardcopy. Please send only ONE set of the required attachments. An officer or member of the board of the issuer must sign the application form. The authorized representative may not sign the application form unless they are also an officer or a member of the board. PAB filings will be accepted via email at [email protected]. Please contact the PAB Administrator at (512) 463-1741 if you have any questions.

Application Filing Documents

  • Application for Reservation
  • Application for Carryforward
  • Qualified Mortgage Bond Attachment
  • Qualified Mortgage Bond Utilization Percentage Attachment
  • Residential Rental Attachment

Links

35-Day Filing Documents

  • Bond Authorization Requirements Checklist

Links

Closing Filing Documents

  • Closing Documents Checklist
  • Certification of Delivery
  • Certification of Delivery (incl. recycled cap)

Links

Fee Forms

  • Certification Regarding Fees (Physical Checks)
  • Certification Regarding Fees (ACH Transfer)
  • Fee Verification Form (This form & CHECK FEES must be sent to the Comptroller of Public Accounts)

Links

2026 External Data Sources:

If using population figures to calculate the eligible amount for an MRB or MCC application, use ONLY the following publication for the source document: U.S. Census Bureau, 2020 Decennial Census.   If using Median Family Income figures to determine the priority eligibility for a Residential Rental application, use ONLY the following publications for the Residential Rental Attachment:   HUD, 2025 MFI Areas (Project’s AMFI of County/MSA/PMSA- ALL Residential Rental Projects)   HUD, 2025 Statewide MFI (Statewide MFI- Priority 1D ONLY)   U.S. Census Bureau, 2019-2023 ACS 5-Year Estimates Data (Census Tract MFI- Priority 1C ONLY)   U.S. Census Bureau, 2019-2023 ACS 5-Year Estimates Map (Census Tract MFI- Priority 1C ONLY)   Map of CHAS Uniform Service Regions – provided by TDHCA (pdf file – requires Adobe Acrobat)