Multi-Family Tax Exempt Bonds

THDA has authorized the allocation of Multifamily Tax-Exempt Bond Authority to local issuers to finance multifamily housing units in Tennessee under Section 142(d) of the Code. The private activity bond authority can be used only for tax-exempt private activity bonds issued to finance qualified residential rental projects through new construction of multifamily rental units, conversion of existing properties to multifamily rental units through Adaptive Reuse, or acquisition and rehabilitation of Existing Multifamily Housing. The authority will be available in each of Tennessee’s Grand Divisions on a first-come-first-served basis subject to authority availability.

Program Documents

• January 3, 2024 -Minimum Design Standards
• November 21, 2023 2024 MTBA Program Description Approved November 14, 2023
• November 15, 2023-2023 MTBA Program Description Amended November 14, 2023
• October 10, 2022-2023 Draft MTBA Program Description
• September 27, 2022-2022 MTBA Program Description Amended September 27, 2022
• December 7, 2020-2021 MTBA Program Description Approved November 17, 2020
• May 1, 2018 - Appraisal Guidance

Program Updates and Announcements

• 2024 MTBA Round One Firm Applications Received
• 2024 MTBA Tiebreaker Data by County and Census Tract
• 2024 MTBA Round One Availability Memo
• 2024 Multifamily Programs Application Workshop
• Draft Minimum Construction Standards
• Multifamily Tax-Exempt Bond Authority Program Description for 2024
• 2023 MTBA Round Two Firm Preliminary Ranking
• 2023 MTBA Round Two Firm Applications Received
• 2023 MTBA Round Two Availability Memo
• 2023 MTBA Round One Firm Preliminary Ranking
• Memo Regarding 2023 MTBA Round One Calendar of Events
• 2023 MTBA Round One Firm Applications Received
• 2023 MTBA Availability Memo
• 2023 MTBA Tiebreaker Data by County and Census Tract
• Memo Regarding 2023 MTBA Program Description Proposed Changes
• 2022 MTBA Round Three Applications Received
• 2022 MTBA Developer Forum for the 2023 MTBA Program Description
• 2022 MTBA Round Two Listing of Firm Commitments to be Issued
• 2022 MTBA Round Two Applications Received
• 2022 MTBA Tie Breaker Data by County and Census Tract
• 2022 MTBA Round One Listing of Firm Commitments Issued
• 2022 MTBA Round One Applications Received
• 2022 MTBA Workshop Information
• 2021 Memo Regarding MTBA Authority
• Multifamily Programs FAQ
• Bond Refund Memo

Please visit the THOMAS Documents page for resources regarding application submissions.

Bond Issues Closed

2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 l 2019 | 2020 | 2021 | 2022 | 2023

Program Descriptions

2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 I 2021 | 2022 | 2023

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If you would like to receive email updates regarding new updates and announcements, sign up to be notified. You may also email TNAllocation@thda.org , or call at 615-815-2145.