10 Tex. Admin. Code § 10.1002

Current through Reg. 49, No. 50; December 13, 2024
Section 10.1002 - Definitions
(a) Unless otherwise defined here, terms have the meaning in § 11.1 of this title (relating to Definitions), or federal or state law.
(b) Multifamily Tax Subsidy Program Imputed Income Limit--Using the income limits provided by HUD pursuant to §142(d), the imputed income limit is the income limitation which would apply to individuals occupying the unit if the number of individuals occupying the unit were as described in paragraphs (1) and (2) of this subsection:
(1) in the case of a unit which does not have a separate bedroom, 1 individual; or
(2) in the case of a unit which has 1 or more separate bedrooms, 1.5 individuals for each separate bedroom.
(c) Tax Credit Assistance Program (TCAP)--Funds awarded as part of the American Recovery and Reinvestment Act to assist Low Income Housing Tax Credit projects funded during 2007, 2008, and 2009.
(d) Tax Credit Assistance Program Repayment Funds (TCAP RF)--Multifamily Direct Loan funds made available through income generated from loan repayments from the Tax Credit Assistance Program.

10 Tex. Admin. Code § 10.1002

The provisions of this §10.1002 adopted to be effective June 2, 2013, 38 TexReg 3333; Adopted by Texas Register, Volume 44, Number 30, July 26, 2019, TexReg 3801, eff. 7/29/2019; Adopted by Texas Register, Volume 48, Number 17, April 28, 2023, TexReg 2182, eff. 5/4/2023