Section 24.7 - Distribution of Funds(a) Set-Asides. In accordance with Tex. Gov't Code § 2306.753(d), at least two-thirds of the dollar amount of Program loans made in each fiscal year must be made to Owner-Builders whose real property is located in a census tract that has a median household income that is not greater than 75% of the median state household income for the most recent year for which statistics are available.(b) Balance of State. The remaining one-third of the dollar amount of Program loans made may be made to Owner-Builders anywhere in the state.(c) Loan Priority. The Department may allow an Administrator access to the Reservation System 24 hours prior to all other Administrators for reservations for Owner-Builder Applicants that meet the following criteria:(1) Annual household income is less than $17,500; or(2) Real property is located in a county or municipality that agrees in writing to waive the Capital Recovery Fees, building permit fee or other fees related to the house(s) to be built with the loan proceeds. Owner-Builder Applicant will not receive priority if there are none of the fees described in § 24.6 of this chapter (relating to Prohibited Fees) imposed by the county or municipality or water supply company.10 Tex. Admin. Code § 24.7
The provisions of this §24.7 adopted to be effective November 1, 2012, 37 TexReg 8496; Amended by Texas Register, Volume 40, Number 45, November 6, 2015, TexReg 7816, eff. 11/12/2015; Adopted by Texas Register, Volume 44, Number 43, October 25, 2019, TexReg 6356, eff. 10/31/2019; Adopted by Texas Register, Volume 46, Number 52, December 24, 2021, TexReg 9007, eff. 1/2/2022; Adopted by Texas Register, Volume 49, Number 12, March 22, 2024, TexReg 1907, eff. 3/28/2024