PAB Program Year 2027
Dates, forms and filing rules for the 2027 program year, which opens for applications on October 5, 2026.
Notices
The deadline to submit a 2027 PAB Application for the 2027 PAB Lottery is 5:00 PM Central Time on October 20, 2026. BRB does not consider applications received after that time for the lottery.
BRB accepts PAB filings by email at brbpab@
The last day to receive a reservation for the 2027 Program Year is 5:00 PM Central Time on November 15, 2027.
- email brbpab@
brb. texas. gov
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.
| Date | What happens |
|---|---|
| 10/5/2026 to 10/20/2026 | Completed applications due to the Texas Bond Review Board for inclusion in the 2027 Lottery. Applications shall not be accepted before 8:00 AM (CST) Monday, October 5, 2026 and must be received by 5:00 PM (CST) Tuesday, October 20, 2026 in order to participant in the 2027 Lottery. Sec. 1372.028(b) Post-Lottery applications received after 5:00 PM (CST) Tuesday, October 20, 2026 will receive a reservation in the order in which the applications are received. Sec. 1372.035 |
| Early to mid-November 2026 | PAB Lottery for 2027 Private Activity Bond allocations. |
| 1/4/2027 | First day of the 2027 program year. |
| The earlier of close on 2026 carryforward or 2/15/2027 | Deadline to file form 8328 with the IRS if in receipt of carryforward. |
| 3/1/2027 | Multi-family local regions collapse to one local HFC "pot." Sec. 1372.0231(g) |
| 6/1/2027 | Priority boost is given to priority two and three projects located in areas of the state where the median family income is at or below that of the state's average. Sec. 1372.0321(b)(4) |
| 7/15/2027 | Housing Finance Corporations are no longer penalized as a result of the corporation's utilization percentage. Sec. 1372.0261(d) |
| 8/9/2027 | Single Family set-asides collapse. Sec. 1372.0223, Sec. 1372.023(a) |
| 8/16/2027 | All sub-ceilings collapse. Volume cap is reserved based upon lottery number followed subsequently by post-lottery applications in order of receipt. Priority remains a factor for residential rental lottery applications. Sec. 1372.022(b) |
| 11/15/2027 | Last day to issue a reservation for 2027. Sec. 1372.035(a) |
| 11/16/2027 to 12/31/2027 | Any recycled volume cap will be designated for Traditional Carryforward. |
| 12/22/2027 | Last day to submit closing documents, carryforward election letters, and applications for carryforward designation to the Bond Review Board for the 2027 Program Year. Sec. 1372.042(c), TAC 190.2(j), TAC 190.2(k) |
| 12/31/2027 | The Board may designate unencumbered state ceiling as carryforward to specifically authorized issuers, as applicable. Sec. 1372.073 |
Source: BRB, PAB Program Year 2027 Important Dates. As of the file BRB posted in August 2026. Download this table (CSV)
- document 2027 PAB Important Dates (Word)
Program status
Under Texas Government Code 1372.027, the Board publishes weekly updates on the status of the Private Activity Bond Program. The updates cover the availability of the state's ceiling, reservations issued, and closings and allocations issued.
The 2027 program year starts on January 4, 2027, and BRB's weekly updates for it start then. The 2026 program year's status, updated weekly, is on the 2026 page.
Lottery
BRB holds the 2027 PAB Lottery in early to mid-November 2026, as TAC 190.2(b) authorizes. Applications received from 8:00 AM Central Time October 5 to 5:00 PM Central Time October 20, 2026 take part.
After the lottery, BRB posts 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.
For the 2026 lottery's files, see the 2026 program year page.
How to file an application
BRB accepts applications for the 2027 program year for filing no earlier than 8:00 AM Central Time, October 5, 2026.
To take part in the lottery, file the complete application by 5:00 PM Central Time, October 20, 2026.
BRB reserves applications received after October 20, 2026 in the order it receives them.
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@
- email brbpab@
brb. texas. gov
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, 2026 MFI Areas (the project's AMFI of County/MSA/PMSA, for all Residential Rental projects).
- HUD, 2026 Statewide MFI (Statewide MFI, Priority 1D only).
- U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates Data (Census Tract MFI, Priority 1C only).
- U.S. Census Bureau, 2020-2024 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 2027 program year; BRB calendar