Texas Administrative Code › Title 10 - COMMUNITY DEVELOPMENT › Part 1 - TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS › Chapter 23 - SINGLE FAMILY HOME PROGRAM › Subchapter B - AVAILABILITY OF FUNDS, APPLICATION REQUIREMENTS, REVIEW AND AWARD PROCEDURES, GENERAL ADMINISTRATIVE REQUIREMENTS, AND RESALE AND RECAPTURE OF FUNDS › Section 23.26 - Contract Benchmarks and Limitations

Current through Reg. 49, No. 28; July 12, 2024
(a) Contract Award
				  Funding Limits. Limits on the total amount of a Contract award will be
				  established in the NOFA.
(b)
				  Contract Award Terms. Homeowner Reconstruction Assistance awards will have a
				  Contract term of not more than 21 months, exclusive of any applicable
				  affordability period or loan term. Single Family Development awards will have a
				  Contract term of not more than 24 months, exclusive of any applicable
				  affordability period or loan term. Tenant-Based Rental Assistance awards will
				  have a Contract term of not more than 36 months.
(c) Contract Award Benchmarks. Administrators
				  must have attained environmental clearance for the contractually required
				  number of Households served within six months of the effective date of the
				  Contract. Contract Administrators must submit to the Department complete
				  Activity setup information for the Commitment of Funds of all contractually
				  required Households in accordance with the requirements herein within nine
				  months from the effective date of the Contract. All remaining funds will be
				  deobligated and reallocated in accordance with Chapter 1 of this Title relating
				  to Reallocation of Financial Assistance.
(d) Voluntary deobligation. The Administrator
				  may fully deobligate funds in the form of a written request signed by the
				  signatory, or successor thereto, of the Contract. The Administrator may
				  partially deobligate funds under a Contract in the form of a written request
				  from the signatory if the letter also deobligates the associated number of
				  targeted Households, funds for administrative costs, and Match and the partial
				  deobligation would not have impacted the award of the Contract. Voluntary
				  deobligation of a Contract does not limit an Administrator's ability to
				  participate in an open application cycle.
(e) The Department may request information
				  regarding the performance or status under a Contract prior to a Contract
				  benchmark or at various times during the term of a Contract. Administrator must
				  respond within the time limit stated in the request. Prolonged or repeated
				  failure to respond may result in suspension of funds and ultimately in
				  termination of the Contract by the Department.
(f) Pre-Contract Costs.
(1) The Administrator may be reimbursed for
				  eligible administrative and Activity soft costs incurred before the effective
				  date of the Contract in accordance with
				  24 CFR §
												92.212 and at the sole discretion of the
				  Department.
(2) A Community Housing
				  Development Organization may be reimbursed for Predevelopment Costs as defined
				  in this Chapter for an Activity funded under Single Family
				  Development.
(3) In no event will
				  the Department reimburse expenses incurred more than six months prior to
				  Governing Board approval of the Administrator's award.