This is a MuniPro demonstration of a redesigned Texas Bond Review Board website. It is not the official BRB site: nothing filed here reaches BRB, and the email addresses shown are BRB's own.

The official site is brb.texas.gov.

PAB Program Year 2026

Dates, forms, lottery results and weekly status for the 2026 program year of the Private Activity Bond Allocation Program.

Notices

The deadline to submit a 2026 PAB Application for the 2026 PAB Lottery was 5:00 PM Central Time on October 20, 2025. BRB did not consider applications received after that time for the lottery.

BRB accepts PAB filings by email at brbpab@brb.texas.gov.

The last day to receive a reservation for the 2026 Program Year is 5:00 PM Central Time on November 13, 2026.

Under 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. So 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.

Important dates

BRB staff prepared a schedule of the important dates in Texas Government Code 1372 and Texas Administrative Code 190.

The schedule is a courtesy document. It does not override the rules or the statute. If the schedule and the rules or statute conflict, the rules and statute control.

BRB encourages applicants to learn the rules and statute, to get guidance from their bond issuer or bond counsel, and to talk to their own counsel before they proceed.

Program status

Under Texas Government Code 1372.027, the Board publishes weekly updates on the status of the Private Activity Bond Program: the availability of the state's ceiling, reservations issued, and closings and allocations issued.

Figures for each subceiling are as of October 2, 2026. The seven subceiling ceilings add up to the 2026 state ceiling, $4,280,825,835.

"Reserved" counts every reservation when it was made, including those later released, so it can be larger than the ceiling. "Closed" is allocations to date. On August 17, 2026 (the August 15 collapse, moved to the next business day), what was still unreserved in each subceiling moved into one pool, so a subceiling's "available" figure is what it gave the pool. The pool's available figure, $87,287,708, is the current available allocation.

2026 program year by subceiling, as of October 2, 2026
SubceilingCeilingReservedReleasedClosedAvailable
Subceiling 1: Mortgage revenue bonds (MRBs)$1,380,566,332$1,789,726,246$550,000,000$33,840,720$227,737,918
Subceiling 2: State voted issues$428,082,584$100,000,000$100,000,000$0$428,082,584
Subceiling 3: Small issue industrial development bonds (IDBs)$85,616,516$0$0$0$85,616,516
Subceiling 4: TSAHC multifamily$112,371,679$16,500,000$16,500,000$0$112,371,679
Subceiling 4: TDHCA multifamily$224,743,357$79,000,000$79,000,000$0$224,743,357
Subceiling 4: Local housing finance corporations multifamily$786,601,746$1,598,048,078$946,312,039$227,962,000$183,115,707
Subceiling 5: All other$1,262,843,621$2,653,088,468$1,667,634,453$544,179,976$417,437,343
August 15th collapse pool$1,679,105,104$1,704,317,396$50,000,000$0$87,287,708

Source: BRB 2026 PAB Results workbook, Totals sheet. As of 10/2/2026, 3:30 PM. Download this table (CSV)

Lottery

The 2026 PAB Lottery was held on Wednesday, November 12, 2025 at 1:00 PM Central Time, as TAC 190.2(b) authorizes.

BRB posted the Lottery Application Processing report, the Original Lottery results, the Reordering Guide and the Shifting Guide.

The Reordering Guide accounts for the Residential Rental priority system before June 1st. The Shifting Guide accounts for it on and after June 1st.

How to file an application

BRB accepted applications for the 2026 program year for filing from 8:00 AM Central Time, October 6, 2025.

The lottery deadline was 5:00 PM Central Time, October 20, 2025.

BRB reserves applications received after October 20, 2025 in the order it receives them, until the last day to receive a reservation, November 13, 2026.

BRB does not accept a fax.

Submit either one electronic copy of the application form, if you file electronically, or one original, if you file a hardcopy. Send only one set of the required attachments.

An officer or a member of the issuer's board must sign the application form. The authorized representative may not sign unless that person is also an officer or a member of the board.

Email PAB filings to brbpab@brb.texas.gov. Call the PAB Administrator at (512) 463-1741 with questions.

Application filing documents

35-day filing documents

Closing filing documents

Fee forms

External data sources

If you use population figures to work out the eligible amount for an MRB or MCC application, use only the U.S. Census Bureau, 2020 Decennial Census as the source.

If you use Median Family Income figures to decide priority eligibility for a Residential Rental application, use only the publications listed below for the Residential Rental Attachment.

  • HUD, 2025 MFI Areas (the project's AMFI of County/MSA/PMSA, for 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, needs Adobe Acrobat).
Sources

Content from BRB's pages, captured 10/3/2026: BRB: PAB Program Year 2026