10 Tex. Admin. Code § 23.2 - Definitions
These words when used in this Chapter shall have the following meanings, unless the context clearly indicates otherwise. Additional definitions may be found in Tex. Gov't Code Chapter 2306 or Chapter 20 of this Title relating to Single Family Programs Umbrella Rule.
(1) Area Median Family Income--The income
limits published annually by the U.S. Department of Housing and Urban
Development (HUD) for the Housing Choice Voucher Program that is used by the
Department to determine the eligibility of Applicants for the HOME Program,
also referred to as AMFI. All Households assisted with HOME funds must have
income at or below 80% AMFI.
(2)
CFR--Code of Federal Regulations.
(3) Commitment of Funds--Occurs when the
funds are awarded to an Administrator for a specific Activity approved by the
Department and set up in the Integrated Disbursement and Information System
(IDIS) established by HUD.
(4)
Construction Completion Date--The Construction Completion Date shall be the
date of completion of all improvements as stated on the affidavit of
completion, provided that the affidavit is filed within ten days of the stated
date of completion or the date of filing as outlined in Tex. Prop. Code
§53.106.
(5) Date of
Assistance--The date that assistance is provided to the Household. For
Tenant-Based Rental Assistance, this is the start date of the rental subsidy.
For Homeowner Reconstruction Assistance and Contract for Deed, this is the date
of the loan closing or date of execution of grant agreement. For Single Family
Development and Homebuyer Assistance with New Construction, this is the date
that the Household executes the purchase agreement.
(6) Development Site--The area, or if
scattered site, areas on which the development is proposed to be located.
(7) Direct Activity Costs--The
total costs of hard construction costs, demolition costs, aerobic septic
systems, refinancing costs (as applicable), acquisition and closing costs for
acquisition of real property, and rental and utility subsidy and deposits.
(8) HOME Final Rule--The
regulations with amendments promulgated at 24 CFR, Part 92 as published by HUD
for the HOME Investment Partnerships Program at
42 U.S.C. §§
12701-
12839.
(9) Homeownership--Ownership in fee simple
title in a one to four unit dwelling or in a condominium unit, or equivalent
form of ownership approved by the Department. Homeownership is not right to
possession under a contract for deed, installment contract, or land contract
that has not converted into a deed for title ownership.
(10) Identity of Interest--An acquisition
will be considered to be an Identity of Interest transaction when the purchaser
has any financial interest whatsoever in the seller or lender or is subject to
common control, or any family relationship by virtue of blood, marriage, or
adoption exists between the purchaser and the seller or lender.
(11) Match--Funds contributed to an Activity
that meet the requirements of
24 CFR §§
92.218-
92.220. Match contributed to an
Activity does not include mortgage revenue bonds, non-HOME-assisted projects,
and cannot include any other sources of Department funding unless otherwise
approved in writing by the Department.
(12) New Construction--Construction of a new
Single Family Housing Unit which involves:
(A) Construction on a lot that was not the
site of a Single Family Housing Unit on the date HOME assistance was requested;
(B) Construction of a new Single
Family Housing Unit following acquisition; or
(C) Construction of a site-built Single
Family Housing Unit that replaces a manufactured housing unit.
(13) Person--Any individual,
partnership, corporation, association, unit of government, community action
agency, or public or private organization of any character.
(14) Persons with Special Needs--Individuals
or categories of individuals determined by the Department to have unmet housing
needs as provided in the Consolidated Plan and the State's One Year Action
Plan.
(15) Predevelopment
Costs--Costs consistent with 24 CFR §
92.212 related to a
specific eligible Activity including:
(A)
Predevelopment housing project costs that the Department determines to be
customary and reasonable, including but not limited to consulting fees, costs
of preliminary financial applications, legal fees, architectural fees,
engineering fees, engagement of a development team, and site control;
(B) Pre-construction housing project costs
that the Department determines to be customary and reasonable, including but
not limited to, the costs of obtaining firm construction loan commitments,
architectural plans and specifications, zoning approvals, engineering studies
and legal fees; and
(C)
Predevelopment costs do not include general operational or administrative
costs.
(16) Principal--A
Person, or Persons, that will exercise Control over a partnership, corporation,
limited liability company, trust, or any other private entity. In the case of:
(A) Partnerships: Principals include all
General Partners, special limited partners, and Principals with ownership
interest;
(B) Corporations:
Principals include any officer authorized by the board of directors to act on
behalf of the corporation, including the president, vice president, secretary,
treasurer, and all other executive officers, and each stock holder having a ten
percent or more interest in the corporation; and
(C) Limited liability companies: Principals
include all managing members, members having a ten percent or more interest in
the limited liability company or any officer authorized to act on behalf of the
limited liability company.
(17) Reconstruction--Has the same meaning as
the defined term in 24 CFR
§
92.2.
(18) Reservation System Participant
(RSP)--Administrator who has executed a written Agreement with the Department
that allows for participation in the Reservation System.
(19) Service Area--The city(ies), county(ies)
and/or place(s) identified in the Application and/or Agreement that the
Administrator will serve.
(20)
Third Party--A Person who is not:
(A) An
Applicant, Administrator, Borrower, General Partner, Developer, Development
Owner, or General Contractor; or
(B) An Affiliate, Affiliated Party to the
Applicant, Administrator, Borrower, General Partner, Developer, Development
Owner, or General Contractor; or
(C) A Person receiving any portion of the
administration, contractor fee, or developer fee.
Notes
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