Section 2306.203 - Rules Regarding Administration of Housing Trust Fund The board shall adopt rules to administer the housing trust fund, including rules providing:
(1) that the division give priority to programs that maximize federal resources;(2) for a process to set priorities for use of the fund, including the distribution of fund resources in accordance with a plan that is developed and approved by the board and included in the department's annual report regarding the housing trust fund as described in the General Appropriations Act;(3) that the criteria used to evaluate a proposed activity will include the: (A) leveraging of resources;(B) cost-effectiveness of the proposed activity; and(C) extent to which individuals and families of very low income are served by the proposed activity;(4) that funds may not be made available for a proposed activity that permanently and involuntarily displaces individuals and families of low income;(5) that the board attempt to allocate funds to achieve a broad geographical distribution with: (A) special emphasis on equitably serving rural and nonmetropolitan areas; and(B) consideration of the number and percentage of income-qualified families in different geographical areas; and(6) that multifamily housing developed or rehabilitated through the fund remain affordable to income-qualified households for at least 20 years.Tex. Gov't. Code § 2306.203
Amended By Acts 2009, 81st Leg., R.S., Ch. 1365, Sec. 3, eff. 6/19/2009.Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.