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Presentation, discussion, and possible action on the adoption of the 2024 Multifamily Programs Application Procedures Manual
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RECOMMENDED ACTION
recommendation
WHEREAS, the rules relating to multifamily program funding are contained in the Administration Rules, Housing Tax Credit Qualified Allocation Plan, Multifamily Housing Revenue Bond Rules, and the Multifamily Direct Loan Program Rules;
WHEREAS, pursuant to Tex. Gov’t Code §2306.67022, the Board shall adopt a manual to provide information regarding the administration of and eligibility for participation in the housing tax credit program; and
WHEREAS, the Department has created the Multifamily Programs Application Procedures Manual (Manual) as a resource guide for applicants, and the Manual and its contents are not rules;
NOW, therefore, it is hereby
RESOLVED, the 2024 Multifamily Programs Application Procedures Manual is hereby approved as is the publication of the Manual on the Department’s website; and
FURTHER RESOLVED, the Executive Director and his designees be and each of them hereby are authorized, empowered, and directed, for and on behalf of the Department to make such changes and conforming technical corrections as they may deem necessary to effectuate the foregoing, to revise the Manual as required based on the final approved rules and NOFAs, and amend the Manual from time to time as it deems necessary to provide guidance on the filing of multifamily related documents.
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BACKGROUND
In concert with the annual rulemaking process for multifamily-related programs, the Multifamily Finance Division revises the Multifamily Programs Application Procedures Manual. The Manual is not a rule; rather, the purpose of the Manual is to provide guidance on the filing of a multifamily application and other multifamily program-related documents. Staff has created this Manual as a resource guide which includes references to the rules and examples of acceptable documentation or development plans based on the program rules and requirements.
The Board’s action in approving the adoption of this Manual allows staff the flexibility to provide more detailed instructions and amend the Manual as necessary in order to implement the Department’s multifamily program rules effectively once such rules have been adopted and approved by the Governor. Additionally, from time to time, staff may update the Manual based on additional information that may become available or to correct inconsistencies or to clarify information contained therein.
The Manual will be posted to the Department’s website, and an email announcement will be sent out when it is available.