Texas Administrative Code › Title 10 - COMMUNITY DEVELOPMENT › Part 1 - TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS › Chapter 11 - QUALIFIED ALLOCATION PLAN (QAP) › Subchapter F - SUPPLEMENTAL HOUSING TAX CREDITS › Section 11.1006 - Required Documentation for State Housing Tax Credit Request Submission Associated with Competitive HTC Applications

Current through Reg. 49, No. 28; July 12, 2024
(a) The purpose of
				  this section is to identify the threshold documentation that is specific to the
				  Request for State Housing Tax Credits submission, unless specifically indicated
				  or otherwise required by Department rule. Only those documents listed herein
				  may be submitted.
(b)
				  Certification, Acknowledgement, and Consent of Development Owner. A
				  certification of the information in this subchapter as well as Subchapter B of
				  this chapter must be executed by the Development Owner and addresses the
				  specific requirements associated with the Development. The Person executing the
				  certification is responsible for ensuring all individuals referenced therein
				  are in compliance with the certification and that they have given it with all
				  required authority and with actual knowledge of the matters certified.
				  Applicants must certify that there has been no change to the Applicant
				  Eligibility or Original Owner Certification since the Original Application was
				  submitted.
(c) Site Requirements
				  and Restrictions. The Applicant must certify that there have been no changes
				  from the Original Application that would require additional disclosure or
				  mitigation, or render the proposed Development Site ineligible. Any change must
				  be addressed under the requirements of §
										10.405 of this title (relating to
				  Amendments and Extensions).
(d)
				  Site Control. Applicants must certify that there has been no change to Site
				  Control, other than extensions or purchase by the Applicant, since the Original
				  Application was submitted. If the nature of Site Control has changed, State
				  Housing Tax Credit Request must submit the appropriate documentation as
				  described in §
										11.204(9) of this
				  chapter.
(e) Zoning.
				  (§2306.6705(5)) If the zoning status of the Development has changed since
				  the Original Application, the Request for State Housing Tax Credits must
				  include all requirements of §
										11.204(10) of
				  this chapter (relating to Zoning).
(f) Applicants who elect to request an
				  allocation of State Housing Tax Credits must include a term sheet from a
				  syndicator that, at a minimum, includes:
(1)
				  An estimate of the amount of equity dollars expected to be raised for the
				  Development;
(2) The amount of
				  State Housing Tax Credits requested for allocation to the Development
				  Owner
(3) Pay-in
				  schedules;
(4) Syndicator
				  consulting fees and other syndication costs; and
(5) An acknowledgement of the amounts and
				  terms of all other anticipated sources of funds and if the Application reflects
				  an intent to elect income averaging there must be an acknowledgement to that
				  effect in the term sheet.