The Multifamily and Special Programs Division administers the Low-Income Housing Tax Credit program and the Multifamily Tax-Exempt Bond Authority program. Through the allocation of Low-Income Housing Tax Credits and Multifamily Tax-Exempt Bond Authority, THDA works closely with non-profit and for-profit private sector entities to create and maintain multifamily and single family affordable rental housing. Both programs provide financial benefits that allow the units to be rented to households with incomes no greater than 60% of the area median income, adjusted for household size.

In 2001, THDA allocated more than $9.5 million in Low-Income Tax Credits for the creation or preservation of over 2,200 units of affordable rental housing. Multifamily Bond Authority of $11.6 million was allocated for 244 units of low-income rental housing.