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 (CST) 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 (CST) 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.

Results

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 most recent update is the 2026 PAB Results file, last updated 10/2/2026 3:30PM CST.

Lottery

The 2026 PAB Lottery was held on Wednesday, November 12, 2025 at 1:00pm (CST), 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 accepts applications for the 2026 program year for filing no earlier than 8:00 AM (CST), October 6, 2025.

To take part in the lottery, file the complete application by 5:00 PM (CST), October 20, 2025.

BRB reserves applications received after October 20, 2025 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@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).
Content from BRB's pages, captured 2026-10-03: https://www.brb.texas.gov/2026-program-year/