Tenn. Comp. R. & Regs. 0770-06-01-.10 - THDA ASSISTANCE

Current through March 20, 2022

(1) In order to assist the local housing programs authorized in this rule, the Agency may:
(a) provide technical assistance to local programs;
(b) develop demonstration projects for serving very low, low and moderate income persons and families;
(c) encourage cost effective designs of very low, low and moderate income housing;
(d) provide rehabilitation and construction financing from the Assets Fund and the Housing Program Reserve Fund, provided such loans shall pay interest at a rate comparable to earnings on other permitted investments;
(e) give priority for mortgage funds made available through the mortgage revenue bond program of the agency to housing developed by local housing programs;
(f) in conjunction with the Department of Correction, implement mutually beneficial housing assistance programs for development of additional housing for very low, low and moderate income households, utilizing inmates and other vocational training resources; and
(g) in conjunction with the Department of Economic and Community Development, support the funding of applications for community development block grants for housing.

Notes

Tenn. Comp. R. & Regs. 0770-06-01-.10
Original rule filed August 30, 1988; effective October 14, 1988.

Authority: T.C.A. ยง 13-23-115(18).

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