The Texas Department of Housing and Community Affairs updated its Rent Approval Tool for owners of developments that received HOME, Neighborhood Stabilization Program (NSP), National Housing Trust Fund (NHTF) and Tax Credit Assistance Program – Repayment Funds (TCAP-RF) funds. Please note that the Exhibit Three (Rent Schedule) tab in the rent approval tool must identify all unit types and rents collected for the development.
As a reminder, if a development received a commitment of HOME, NSP, NHTF and TCAP-RF funds on or after Aug. 23, 2013, and construction is complete, an annual rent approval request must be submitted to the assigned Asset Manager no later than July 1 of each year in accordance with 24 CFR Section 92.252(f), Section 93.302(c)(2), 24 CFR Section 92.219 and 10 TAC Section 10.403.
If you have any questions, please contact the asset manager assigned to the development. A list of assigned asset managers can be found at https://www.tdhca.state.tx.us/asset-management/contacts.htm.