Section 11.1001 - General(a) This subchapter applies only to 2024 State Housing Tax Credits to supplement Competitive HTC awards during the July Board meeting of the Department at which final awards of credits are authorized or to supplement Tax-Exempt Bond Developments.(b) For Competitive HTC Applications, submissions required to make a request for State Housing Tax Credits are considered a supplement to the original Application. Requests for State Housing Tax Credits are not considered Applications under the 2024 HTC Competitive Cycle nor are they part of the 2024 Application Round.(c) For Competitive HTC Applications, an allocation of State Housing Tax Credits will be processed as a Material Amendment to the Application under § 10.405 of this title (relating to Amendments and Extensions).(d) For Competitive HTC Applications, revisions to costs included in a request for State Housing Tax Credits will not have an impact on points originally awarded for Costs of Development per Square Foot or Leveraging (§§ 11.9(e)(2) and (4) of this title, respectively).(e) Tax-Exempt Bond Developments shall meet the requirements of § 11.1009 of this chapter (relating to State Housing Tax Credits for Tax-Exempt Bond Developments).(f) Developments with HOME funds from the Department or another Participating Jurisdiction, will enter into a Contract and a LURA for HOME Match Eligible Units.10 Tex. Admin. Code § 11.1001
Adopted by Texas Register, Volume 46, Number 51, December 17, 2021, TexReg 8686, eff. 12/23/2021; Adopted by Texas Register, Volume 47, Number 51, December 23, 2022, TexReg 8619, eff. 12/26/2022; Adopted by Texas Register, Volume 48, Number 51, December 22, 2023, TexReg 7978, eff. 12/31/2023