Oklahoma Administrative Code › Title 330 - Oklahoma Housing Finance Agency › Chapter 75 - National Housing Trust Fund Program › Subchapter 1 - General Provisions › Section 330:75-1-4 - Definitions

Current through Vol. 41, No. 20, July 1, 2024
The following words and terms, when used in this Chapter,
				  shall have the following meanings unless the context clearly indicates
				  otherwise. Additional capitalized terms used in these Chapter 75 Rules may be
				  defined in the Act. When a conflict exists between the following definitions
				  and the Act, the Act shall control.
"
Act
" means Title I of the Housing and Economic
				  Recovery Act of 2008, Section 1131 (
				  Public Law
				  110-289 ).
"
Allocation Plan
" means the State's annual
				  Program description for the Administration of National Housing Trust Fund
				  Program Funds received by the State. The Allocation Plan is included in the
				  Consolidated Plan and must be reviewed and approved by HUD.
"
Applicant
" means an eligible entity that has
				  applied for or will apply for National Housing Trust Fund Program
				  funding.
"
Application
" means an Application from an
				  eligible entity for funding from the State's allocation of funds for the
				  National Housing Trust Fund.
"
Application Packet
" means the required Program
				  documents stating the National Housing Trust Fund Program objectives, the
				  State-specific objectives for the National Housing Trust Fund, and method of
				  distribution of National Housing Trust Fund Program Funds (including program
				  income and recaptured funds), as well as the required forms for filing an
				  Application for National Housing Trust Fund Program Funds.
"
Consolidated Plan
" means a plan prepared in
				  accordance with the requirements of 24 CFR Part 91 which describes community
				  needs, resources, priorities and proposed activities to be undertaken under
				  certain HUD programs, including the National Housing Trust Fund Program.
"
Extremely Low-Income Families
" means low-income
				  families whose annual incomes do not exceed thirty percent of the median family
				  income for the area, as determined by HUD, with adjustments for family
				  size.
"
Housing
" means manufactured housing and
				  manufactured housing lots, permanent housing for disabled and homeless persons,
				  single-room occupancy housing, and group homes. "Housing" does not include
				  emergency shelters (including shelters for disaster victims) or facilities such
				  as nursing homes, convalescent homes, hospitals, residential treatment
				  facilities, halfway houses, housing for students, or dormitories (including
				  farmworker dormitories).
"
HUD
" means the United States Department of
				  Housing and Urban Development.
"
Interim Rule
" means the National Housing Trust
				  Fund Program requirements as set forth in 24 CFR Part 93, Sections 93.1 et
				  seq.
"
National Housing Trust Fund Program
" means the
				  National Housing Trust Fund Program as established under Title 1 of the Housing
				  and Economic Recovery Act of 2008, as set forth therein.
"
National Housing Trust Fund Program Regulations
" means the regulations pursuant to the Interim Rule at 24 CFR Part 93.
"
OHFA
" means the Oklahoma Housing Finance
				  Agency. OHFA has been designated by the Governor to administer the State's
				  National Housing Trust Fund Program on behalf of the State.
"
Poverty Line
" means the Poverty Line as defined
				  in Section 673 of the Omnibus Budget Reconciliation Act of 1981 (
				  42
				  U.S.C. 9902 ).
"
Program Funds
" means all appropriations for the
				  National Housing Trust Fund Program, plus all Program Income and other returned
				  and recaptured funds.
"
Program Income
" means gross income received by
				  OHFA or the Recipient that is directly generated by the use of Program Funds,
				  as further defined in the Interim Rule.
"
Program Year
" means the period selected by OHFA
				  in which it shall administer its formula allocation for the National Housing
				  Trust Fund Program.
"
Project
" means a site or sites, together with
				  any building or buildings that are to be assisted with National Housing Trust
				  Fund Program Funds as a single undertaking.
"
Recipient
" means any eligible Applicant or
				  entity receiving National Housing Trust Fund Program Funds through OHFA. The
				  use of the term "Recipient" instead of "Awardee" as used in most of OHFA's
				  funding programs, is to maintain consistency with the Program terminology as
				  used by HUD in the Interim Rule.
"
State
" means the State of Oklahoma.
"
Very low-income families
" means families whose
				  annual incomes are in excess of 30 percent but not greater than 50 percent of
				  the median family income for the area, as determined by HUD, with adjustments
				  for family size.
"
Written Agreement
" means the contract between
				  OHFA and an Recipient of Program Funds, setting forth the terms and conditions
				  that must be met by the Recipient to satisfactorily complete a NHTF Program
				  Project and comply with the Interim Rule and these Chapter 75
				  Rules.