About

Learn about Texas Department of Housing and Community Affairs, including Featured News, Meet the Team, and Homeownership Success.

MRB Debt as of 08/31/2019
$1.8 Billion
Single Family Debt
$875 Million
Multifamily Debt
$938 Million

About Texas Department of Housing and Community Affairs

The Texas Department of Housing and Community Affairs is the state agency responsible for affordable housing, community and energy assistance programs, colonia activities, and regulation of the state's manufactured housing industry. The Department currently administers $2 billion through for-profit, nonprofit, and local government partnerships to deliver local housing and community-based opportunities and assistance to Texans in need. The overwhelming majority of the Department's resources are derived from mortgage revenue bond financing and refinancing, federal grants, and federal tax credits.

The Department is not rated.  Single family mortgage revenue bonds and notes are issued under two master indentures, the Single Family Mortgage Revenue Bond (SFMRB) Indenture, and the Residential Mortgage Revenue Bond (RMRB) Indenture.  Multifamily mortgage revenue bonds and notes are conduit debt; each issue is stand-alone, with no master indenture.

Meet the Team

Monica Galuski

Director of Bond Finance and Chief Investment Officer

(512) 936-9268

monica.galuski@tdhca.state.tx.us

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Teresa Morales

Director of Multifamily Bonds

(512) 475-3344

teresa.morales@tdhca.state.tx.us

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Homeownership Success