Section 13.7 - Maximum Funding Requests and Minimum Number of MFDL Units(a) Maximum Funding Request. The maximum funding request for an Application will be identified in the NOFA, and may vary by development type, set-aside, Priority, or fund source.(b) Maximum New Construction or Reconstruction Per-Unit Subsidy Limits. The per-Unit subsidy limit for a Development will be determined by the Department as the Section 234 Condo limits with the applicable high cost percentage adjustment in effect at the start date of the NOFA, which are the maximum MFDL eligible cost per-Unit subsidy limits that an Applicant may use to determine the amount of MFDL funds combined with other federal funds that may subsidize a Unit.(c) Maximum Rehabilitation Per-Unit Subsidy Limits. The MFDL eligible cost per-Unit to rehabilitate a Development may not exceed the HUD 221(d)(4) statutory limits, subject to high cost factors as published in the NOFA.(d) Minimum Number of MFDL Units. The minimum required number of MFDL Units will be determined by the MFDL per-Unit subsidy limits and the cost allocation analysis, which will ensure that the amount of MFDL Units as a percentage of total Units is equal to or greater than the percentage of MFDL funds requested as a percentage of total eligible MFDL Development costs.10 Tex. Admin. Code § 13.7
Adopted by Texas Register, Volume 41, Number 53, December 30, 2016, TexReg 10589, eff. 1/8/2017; Adopted by Texas Register, Volume 42, Number 52, December 29, 2017, TexReg 7668, eff. 1/3/2018; Adopted by Texas Register, Volume 43, Number 51, December 21, 2018, TexReg 8414, eff. 12/30/2018; Adopted by Texas Register, Volume 44, Number 52, December 27, 2019, TexReg 8277, eff. 1/1/2020; Adopted by Texas Register, Volume 45, Number 47, November 20, 2020, TexReg 8316, eff. 11/26/2020; Adopted by Texas Register, Volume 47, Number 04, January 28, 2022, TexReg 0286, eff. 2/3/2022; Adopted by Texas Register, Volume 47, Number 51, December 23, 2022, TexReg 8622, eff. 1/1/2023; Adopted by Texas Register, Volume 48, Number 52, December 29, 2023, TexReg 8334, eff. 1/2/2024