Sec. 2306.1115. REGIONAL ALLOCATION FORMULA. (a) To allocate housing funds under Section 2306.111(d), the department shall develop a formula that:
(1) includes as a factor the need for housing assistance and the availability of housing resources in an urban area or rural area;
(2) provides for allocations that are consistent with applicable federal and state requirements and limitations; and
(3) includes other factors determined by the department to be relevant to the equitable distribution of housing funds under Section 2306.111(d).
(b) The department shall use information contained in its annual state low income housing plan and other appropriate data to develop the formula under this section.
Added by Acts 2007, 80th Leg., R.S., Ch. 1341 (S.B. 1908), Sec. 5, eff. September 1, 2007.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2306 - Texas Department of Housing and Community Affairs
Subchapter F. Housing Finance Division: General Provisions
Section 2306.111. Housing Funds
Section 2306.1111. Uniform Application and Funding Cycles
Section 2306.1112. Executive Award and Review Advisory Committee
Section 2306.1113. Ex Parte Communications
Section 2306.1114. Notice of Receipt of Application or Proposed Application
Section 2306.1115. Regional Allocation Formula
Section 2306.112. Preparation and Content of Annual Budget
Section 2306.113. Board Consideration of Annual Budget
Section 2306.114. Filing of Annual Budget
Section 2306.115. Failure to Adopt Annual Budget
Section 2306.117. Payment of Expenses; Indebtedness
Section 2306.118. Deposit of Funds With Texas Treasury Safekeeping Trust Company
Section 2306.119. Selection of Depository for Operating Funds
Section 2306.120. Selection of Depository Under Covenants of Bonds or Trust Indentures
Section 2306.123. Area Median Income
Section 2306.1231. Federal Poverty Line
Section 2306.124. Rules Regarding Housing Developments
Section 2306.125. Court Actions