Section 23.50 - Tenant-Based Rental Assistance (TBRA) Threshold and Selection CriteriaAll Applicants and Applications must submit Documentation of a commitment of at least $15,000 for cash reserves to facilitate administration of the program and to ensure the capacity to cover costs prior to reimbursement or costs determined to be ineligible for reimbursement. The amount of the cash reserve commitment must be included in the Applicant's resolution. To meet this requirement, Applicants must submit:
(1) financial statements indicating adequate local unrestricted cash or cash equivalents to utilize as cash reserves and a letter from the Applicant's bank(s) or financial institution(s) indicating that current account balances are sufficient; or(2) evidence of an available line of credit or equivalent in an amount equal to or exceeding the requirement in this subsection; and(3) evidence that the Service Area for a Contract or RSP Agreement includes the entire rural or urban area of a county as identified in the Application, excluding Participating Jurisdictions. However, Service Areas must include Participating Jurisdictions as applicable if the Agreement includes access to the Persons with Disabilities set-aside. If the Applicant is a unit of local government, the Service Area may be limited to the boundaries of the jurisdiction of the Applicant.10 Tex. Admin. Code § 23.50
The provisions of this §23.50 adopted to be effective October 31, 2012, 37 TexReg 8490; amended to be effective January 5, 2014, 38 TexReg 9497; Adopted by Texas Register, Volume 40, Number 34, August 21, 2015, TexReg 5327, eff. 8/30/2015; Adopted by Texas Register, Volume 42, Number 30, July 28, 2017, TexReg 3762, eff. 8/3/2017; Adopted by Texas Register, Volume 45, Number 47, November 20, 2020, TexReg 8331, eff. 11/26/2020; Adopted by Texas Register, Volume 49, Number 12, March 22, 2024, TexReg 1904, eff. 3/28/2024