Rules Regarding Administration of Housing Trust Fund

Sec. 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. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by: Acts 2009, 81st Leg., R.S., Ch. 1365 (S.B. 679), Sec. 3, eff. June 19, 2009.