Section 0770-06-05-.05 - SALES PRICE AND RENTAL LIMITS(1) Local housing programs shall establish sales price and rent limitations for each program provided that:(a) The sales price limit shall not exceed the limit established for the LIFT Single Family Homeownership Program;(b) The annual rent received by the property owner from the occupant shall not exceed 30. of the income limit for a very low income household adjusted by family size.Tenn. Comp. R. & Regs. 0770-06-05-.05
Original rule filed August 30, 1988; effective October 14, 1988.Authority: T.C.A. § 13-23-115(18).