reglab/housing_qa huggingface dataset:
TX Govt Code § 2306.201 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter I. Housing Finance Division: Funds|Section 2306.201. Housing Trust Fund

Sec. 2306.201.  HOUSING TRUST FUND.  (a)  The housing trust fund is a fund:(1)  administered by the department through the housing finance division;  and(2)  placed with the Texas Treasury Safekeeping Trust Company.(b)  The fund consists of:(1)  appropriations or transfers made to the fund;(2)  unencumbered fund balances;(3)  public or private gifts, grants, or donations;(4)  investment income, including all interest, dividends, capital gains, or other income from the investment of any portion of the fund;(5)  repayments received on loans made from the fund; and(6)  funds from any other source.(c)  The department may accept gifts, grants, or donations for the housing trust fund.  All funds received for the housing trust fund under Subsection (b) shall be deposited or transferred into the Texas Treasury Safekeeping Trust Company.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1997, 75th Leg., ch. 980, Sec. 29, eff. Sept. 1, 1997;  Acts 1999, 76th Leg., ch. 223, Sec. 1, eff. May 24, 1999.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1365 (S.B. 679), Sec. 1, eff. June 19, 2009.|
TX Govt Code § 2306.202 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter I. Housing Finance Division: Funds|Section 2306.202. Use of Housing Trust Fund

Sec. 2306.202.  USE OF HOUSING TRUST FUND.  (a)  The department, through the housing finance division, shall use the housing trust fund to provide loans, grants, or other comparable forms of assistance to local units of government, public housing authorities, nonprofit organizations, and income-eligible individuals, families, and households to finance, acquire, rehabilitate, and develop decent, safe, and sanitary housing.  In each biennium the first $2.6 million available through the housing trust fund for loans, grants, or other comparable forms of assistance shall be set aside and made available exclusively for local units of government, public housing authorities, and nonprofit organizations.  Any additional funds may also be made available to for-profit organizations provided that at least 45 percent of available funds, as determined on September 1 of each state fiscal year, in excess of the first $2.6 million shall be made available to nonprofit organizations for the purpose of acquiring, rehabilitating, and developing decent, safe, and sanitary housing.  The remaining portion shall be distributed to nonprofit organizations, for-profit organizations, and other eligible entities.  Notwithstanding any other section of this chapter, but subject to the limitations in Section 2306.251(c), the department may also use the fund to acquire property to endow the fund.(b)  Use of the fund is limited to providing:(1)  assistance for individuals and families of low and very low income;  (2)  technical assistance and capacity building to nonprofit organizations engaged in developing housing for individuals and families of low and very low income;  and(3)  security for repayment of revenue bonds issued to finance housing for individuals and families of low and very low income.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1997, 75th Leg., ch. 980, Sec. 30, eff. Sept. 1, 1997.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1365 (S.B. 679), Sec. 2, eff. June 19, 2009.|
TX Govt Code § 2306.203 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter I. Housing Finance Division: Funds|Section 2306.203. Rules Regarding Administration of Housing Trust Fund

Sec. 2306.203.  RULES REGARDING ADMINISTRATION OF HOUSING TRUST FUND.  The board shall adopt rules to administer the housing trust fund, including rules providing:(1)  that the division give priority to programs that maximize federal resources;(2)  for a process to set priorities for use of the fund, including the distribution of fund resources in accordance with a plan that is developed and approved by the board and included in the department's annual report regarding the housing trust fund as described in the General Appropriations Act;(3)  that the criteria used to evaluate a proposed activity will include the:(A)  leveraging of resources;(B)  cost-effectiveness of the proposed activity; and(C)  extent to which individuals and families of very low income are served by the proposed activity;(4)  that funds may not be made available for a proposed activity that permanently and involuntarily displaces individuals and families of low income;(5)  that the board attempt to allocate funds to achieve a broad geographical distribution with:(A)  special emphasis on equitably serving rural and nonmetropolitan areas; and(B)  consideration of the number and percentage of income-qualified families in different geographical areas; and(6)  that multifamily housing developed or rehabilitated through the fund remain affordable to income-qualified households for at least 20 years.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1365 (S.B. 679), Sec. 3, eff. June 19, 2009.|
TX Govt Code § 2306.204 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter I. Housing Finance Division: Funds|Section 2306.204. Independent Audit of Housing Trust Fund

Sec. 2306.204.  INDEPENDENT AUDIT OF HOUSING TRUST FUND.  (a)  An independent auditor shall annually conduct an audit of the housing trust fund to determine the amount of unencumbered fund balances that is greater than the amount required for the reserve fund.(b)  The independent auditor shall submit the audit report to the board not later than December 31 of each year.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.206 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter I. Housing Finance Division: Funds|Section 2306.206. Housing Trust Fund Not Subject to Texas Trust Code

Sec. 2306.206.  HOUSING TRUST FUND NOT SUBJECT TO TEXAS TRUST CODE.  The housing trust fund provided for by this subchapter is not subject to Subtitle B, Title 9, Property Code.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.207 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter I. Housing Finance Division: Funds|Section 2306.207. Reserve Fund

Sec. 2306.207.  RESERVE FUND.  (a)  The department may create a reserve fund with the comptroller out of:(1)  proceeds from the sale of the department's bonds;  or(2)  other resources.(b)  The reserve fund is additional security for the division's bonds.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1997, 75th Leg., ch. 980, Sec. 32, eff. Sept. 1, 1997;  Acts 1997, 75th Leg., ch. 1423, Sec. 8.75, eff. Sept. 1, 1997.|
TX Govt Code § 2306.221 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter J. Housing Finance Division: Loan Terms and Conditions|Section 2306.221. Housing Development Loans

Sec. 2306.221.  HOUSING DEVELOPMENT LOANS.  To finance the purchase, construction, remodeling, improvement, or rehabilitation of housing developments for residential housing designed and planned for individuals and families of low and very low income and families of moderate income, the department, on the terms and conditions stated in this chapter, may:(1)  make, commit to make, and participate in the making of mortgage loans, including federally insured loans to housing sponsors;  and(2)  make temporary loans and advances in anticipation of permanent mortgage loans.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.222 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter J. Housing Finance Division: Loan Terms and Conditions|Section 2306.222. Contracts and Agreements Regarding Housing Developments

Sec. 2306.222.  CONTRACTS AND AGREEMENTS REGARDING HOUSING DEVELOPMENTS.  The department may enter into agreements and contracts with housing sponsors and mortgage lenders under this chapter to make or participate in mortgage loans for residential housing for individuals and families of low and very low income and families of moderate income.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.223 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter J. Housing Finance Division: Loan Terms and Conditions|Section 2306.223. Criteria for Financing Housing Development of Housing Sponsor

Sec. 2306.223.  CRITERIA FOR FINANCING HOUSING DEVELOPMENT OF HOUSING SPONSOR.  Notwithstanding any other provision of this chapter, the department may not finance a housing development undertaken by a housing sponsor under this chapter, unless the department first determines that:(1)  the housing development is necessary to provide needed decent, safe, and sanitary housing at rentals or prices that individuals or families of low and very low income or families of moderate income can afford;(2)  the housing sponsor undertaking the proposed housing development will supply well-planned and well-designed housing for individuals or families of low and very low income or families of moderate income;(3)  the housing sponsor is financially responsible;(4)  the housing sponsor is not, or will not enter into a contract for the proposed housing development with, a housing developer that:(A)  is on the department's debarred list, including any parts of that list that are derived from the debarred list of the United States Department of Housing and Urban Development;(B)  breached a contract with a public agency;  or(C)  misrepresented to a subcontractor the extent to which the developer has benefited from contracts or financial assistance that has been awarded by a public agency, including the scope of the developer's participation in contracts with the agency and the amount of financial assistance awarded to the developer by the agency;(5)  the financing of the housing development is a public purpose and will provide a public benefit;  and(6)  the housing development will be undertaken within the authority granted by this chapter to the housing finance division and the housing sponsor.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 2001, 77th Leg., ch. 1367, Sec. 7.01, eff. Sept. 1, 2001.|
TX Govt Code § 2306.224 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter J. Housing Finance Division: Loan Terms and Conditions|Section 2306.224. Loan Terms and Conditions

Sec. 2306.224.  LOAN TERMS AND CONDITIONS.  A loan financed through a program of the housing finance division under this subchapter is subject to the terms and conditions provided by this subchapter.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.225 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter J. Housing Finance Division: Loan Terms and Conditions|Section 2306.225. Ratio of Loan to Development Cost; Amortization Period

Sec. 2306.225.  RATIO OF LOAN TO DEVELOPMENT COST;  AMORTIZATION PERIOD.  (a)  Except as provided by Subsection (b), the ratio of loan to total housing development cost and the amortization period of a loan insured or guaranteed by the federal government is governed by the federal government mortgage insurance commitment or federal guarantee for each housing development.(b)  The amortization period for a loan may not exceed 40 years.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.226 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter J. Housing Finance Division: Loan Terms and Conditions|Section 2306.226. Interest Rates

Sec. 2306.226.  INTEREST RATES.  (a)  The board shall set the interest rates at which the housing finance division makes loans and loan commitments.(b)  The interest rates shall be set to produce, when combined with other available funds, at least the amounts required to pay for the housing finance division's costs of operation and to meet its covenants with and responsibilities to the holders of its bonds.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.227 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter J. Housing Finance Division: Loan Terms and Conditions|Section 2306.227. Prepayment of Mortgage Loans

Sec. 2306.227.  PREPAYMENT OF MORTGAGE LOANS.  A mortgage loan made under this chapter may be prepaid to maturity after the period of years and under the terms and conditions determined by the board.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.228 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter J. Housing Finance Division: Loan Terms and Conditions|Section 2306.228. Loan Fees

Sec. 2306.228.  LOAN FEES.  The department shall make and collect loan fees that the department determines are reasonable, including:(1)  fees to reimburse the housing finance division's financing costs;(2)  service charges;(3)  insurance premiums;(4)  mortgage insurance premiums;  and(5)  fees for administrative costs.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.229 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter J. Housing Finance Division: Loan Terms and Conditions|Section 2306.229. Documents Supporting Mortgage Loans

Sec. 2306.229.  DOCUMENTS SUPPORTING MORTGAGE LOANS.  (a)  A mortgage loan shall be evidenced by a mortgage or deed of trust note or bond and by a mortgage that creates a lien on the housing development and on all real property that constitutes the site of or that relates to the housing development.(b)  A note or bond and a mortgage or deed of trust:(1)  must contain provisions satisfactory to the department;(2)  must be in a form satisfactory to the department;  and(3)  may contain exculpatory provisions relieving the borrower or its principal from personal liability if the department agrees.(c)  For each loan made for the development of multifamily housing with funds provided to the state under the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. Section 12701 et seq.), the department shall obtain a mortgagee's title policy in the amount of the loan.  The department may not designate a specific title insurance company to provide the mortgagee title policy or require the borrower to provide the policy from a specific title insurance company.  The borrower shall select the title insurance company to close the loan and to provide the mortgagee title policy.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.Amended by: Acts 2007, 80th Leg., R.S., Ch. 1341 (S.B. 1908), Sec. 24, eff. September 1, 2007.|
TX Govt Code § 2306.230 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter J. Housing Finance Division: Loan Terms and Conditions|Section 2306.230. Agreements Regarding Certain Limitations on Housing Sponsors

Sec. 2306.230.  AGREEMENTS REGARDING CERTAIN LIMITATIONS ON HOUSING SPONSORS.  A mortgage loan is subject to an agreement between the department and the housing sponsor that subjects the sponsor and its principals or stockholders to limitations established by the department regarding:(1)  rentals and other charges;(2)  builders' and developers' profits and fees;(3)  the disposition of its property;  and(4)  the real property that constitutes the site of or relates to the housing development.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.231 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter J. Housing Finance Division: Loan Terms and Conditions|Section 2306.231. Loan Conditions Relating to Department Powers

Sec. 2306.231.  LOAN CONDITIONS RELATING TO DEPARTMENT POWERS.  As a condition of each loan, the department, acting through the housing finance division, may at any time during the construction, rehabilitation, or operation of a housing development:(1)  enter and inspect the housing development to:(A)  investigate the development's:(i)  physical and financial condition;(ii)  construction;(iii)  rehabilitation;(iv)  operation;(v)  management;  and(vi)  maintenance;  and(B)  examine all books and records relating to:(i)  capitalization;(ii)  income;  and(iii)  other matters regarding capitalization or income;(2)  impose charges that are required to cover the cost of inspections and examinations under Subdivision (1);(3)  order alterations, changes, or repairs necessary to protect:(A)  the security of the department's investment in a housing development;  or(B)  the health, safety, and welfare of the occupants of a housing development;(4)  order a managing agent, housing development manager, or housing development owner to do whatever is necessary to comply with or refrain from violating an applicable law, ordinance, department rule, or term of an agreement regarding the housing development;  and(5)  file and prosecute a complaint against a managing agent, housing development manager, or housing development owner for a violation of any applicable law or ordinance.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 2306.232 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter J. Housing Finance Division: Loan Terms and Conditions|Section 2306.232. Texas Housing Agency Loan or Guarantee

Sec. 2306.232.  TEXAS HOUSING AGENCY LOAN OR GUARANTEE.  A loan or guarantee made by the Texas Housing Agency becomes a loan or guarantee of the department.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1997, 75th Leg., ch. 980, Sec. 33, eff. Sept. 1, 1997.|
TX Govt Code § 2306.251 (2021)
2021 Texas Statutes|Government Code|Title 10 - General Government|Subtitle G - Economic Development Programs Involving Both State and Local Governments|Chapter 2306 - Texas Department of Housing and Community Affairs|Subchapter K. Housing Programs|Section 2306.251. Property Ownership Program

Sec. 2306.251.  PROPERTY OWNERSHIP PROGRAM.  (a)  While it is not the intent of the legislature that the department compete with the private sector by becoming a long-term owner of real property merely for the purpose of owning, managing, and operating tenant properties, the department may acquire, own, reconstruct, rehabilitate, manage, or operate real property:(1)  on an interim basis for sale or rental to:(A)  individuals and families of low and very low income and families of moderate income;  and(B)  nonprofit housing organizations and other housing organizations to serve the needs of individuals and families of low and very low income and families of moderate income;(2)  for a period of time not to exceed 10 years for the purposes of:(A)  preserving publicly financed or subsidized housing;  or(B)  participating in a risk-sharing program entered into with the United States Department of Housing and Urban Development, any other insurer or guarantor of any United States Department of Housing and Urban Development-related indebtedness, a government sponsored enterprise, a housing finance agency or corporation, or a public housing authority.(b)  The department may use money from the housing trust fund, unencumbered fund balances, fees received by the housing finance division, proceeds from the sale or rental of real property, distribution of earnings under Section 2306.557, or appropriations, allocations, grants, or gifts from any public or private source to purchase property under this section.(c)  If the department uses the housing trust fund to finance real property acquisitions, it may not use more than 10 percent of the yearly balance of the fund to acquire the real property.(d)  If the department acquires property under this section, the department shall submit an annual report to the board that includes an analysis of the property ownership program's:(1)  financial stability;(2)  cost-effectiveness;  and(3)  effectiveness in serving individuals and families of low and very low income and families of moderate income.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 76, Sec. 5.77(b), eff. Sept. 1, 1995;  Acts 1997, 75th Leg., ch. 980, Sec. 34, eff. Sept. 1, 1997.|