Texas § 2306.203 RULES REGARDING ADMINISTRATION OF HOUSING TRUST FUND.

Texas Statutes

§ 2306.203 — RULES REGARDING ADMINISTRATION OF HOUSING TRUST FUND.

Texas § 2306.203

Code GVGovernment Code

This text of Texas § 2306.203 (RULES REGARDING ADMINISTRATION OF HOUSING TRUST FUND.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 2306.203 (2026).

Text

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 activit

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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.

Legislative History

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.