Texas Register, Volume 37, Number 38, Pages 7327-7532, September 21, 2012 Page: 7,348
7327-7532 p. ; 28 cm.View a full description of this periodical.
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(103) Secondary Market (SMA)--Sometimes referred to as
"Secondary Market Area." The area defined by the Qualified Market
Analyst as described in 10.303 of this chapter.
(104) Single Room Occupancy (SRO)--An Efficiency Unit
that meets all the requirements of a Unit except that it may, but is not
required, to be rented on a month to month basis to facilitate Transi-
tional Housing. Buildings with SRO Units have extensive living areas
in common and are required to be Supportive Housing and include the
provision for substantial supports from the Development Owner or its
agent on site.
(105) Site Control--Ownership or a current contract or se-
ries of contracts that is legally enforceable giving the Applicant the
ability, not subject to any legal defense by the owner, to require con-
veyance to the Applicant.
(106) Site Work--Materials and labor for the horizontal
construction generally including excavation, grading, paving, under-
ground utilities, fencing, pools and landscaping.
(107) State Housing Credit Ceiling--The aggregate amount
of Housing Credit Allocations that may be made by the Department
during any calendar year, as determined from time to time by the
Department in accordance with applicable federal law, including
42(h)(3)(C) of the Code and Treasury Regulation 1.42-14.
(108) Sub-Market--An area defined by the Underwriter
based on general overall market segmentation promulgated by market
data tracking and reporting services from which a proposed or existing
Development is most likely to draw the majority of its prospective
tenants or homebuyers.
(109) Supportive Housing--Residential rental develop-
ments intended for occupancy by individuals or households in need
of specialized and specific non-medical services in order to maintain
independent living. Supportive housing developments generally
require established funding sources outside of project cash flow and
are proposed and expected to be debt free or have no foreclosable or
noncash flow debt. The services offered generally address special
attributes of such populations as Transitional Housing for homeless
and at risk of homelessness, persons who have experienced domestic
violence or single parents or guardians with minor children.
(110) Target Population--The designation of types of
housing populations shall include those Developments that are entirely
Qualified Elderly and those that are entirely Supportive Housing. All
others will be considered to serve general populations without regard
to any subpopulations.
(111) Tax-Exempt Bond Development--A Development
requesting or having been awarded Housing Tax Credits and which
receives a portion of its financing from the proceeds of tax-exempt
bonds which are subject to the state volume cap as described in
42(h)(4) of the Code, such that the Development does not receive
an allocation of tax credit authority from the State Housing Credit
Ceiling.
(112) Tax Exempt Bond Process Manual--The manual pro-
duced and amended from time to time by the Department which ex-
plains the process and provides guidance for the filing of a Housing
Tax Credit Application utilizing Tax Exempt Bonds.
(113) TDHCA Operating Database--Sometimes referred to
as "TDHCA Database." A consolidation of recent actual income and
operating expense information collected through the Department's An-
nual Owner Financial Certification process, as required and described
in Subchapter F of this title, and published on the Department's web
site (www.tdhca.state.tx.us).(114) Third Party--A Person who is not:
(A) an Applicant, General Partner, Developer, or Gen-
eral Contractor; or
(B) an Affiliate or a Related Party to the Applicant,
General Partner, Developer or General Contractor; or
(C) anyone receiving any portion of the administration,
contractor or Developer fees from the Development; or
(D) any individual that is an executive officer or mem-
ber of the governing board or has greater than 10 percent ownership
interest in any of the entities are identified in subparagraphs (A) - (C)
of this paragraph.
(115) Total Housing Development Cost--The sum total of
the acquisition cost, Hard Costs, soft costs, Developer fee and General
Contractor fee incurred or to be incurred through lease-up by the De-
velopment Owner in the acquisition, construction, rehabilitation and
financing of the Development.
(116) Transitional Housing--A Supportive Housing devel-
opment that includes living Units with more limited individual kitchen
facilities and is:
(A) used exclusively to facilitate the transition of home-
less individuals and those at-risk of becoming homeless, to independent
living within 24 months; and
(B) is owned by a governmental entity or a qualified
non-profit which provides temporary housing and supportive services
to assist such individuals in, among other things, locating and retain-
ing permanent housing. The limited kitchen facilities in individual
Units must be appropriately augmented by suitable, accessible shared
or common kitchen facilities.
(117) Underwriter--The author(s) of the Credit Underwrit-
ing Analysis Report.
(118) Uniform Physical Condition Standards (UPCS)--As
developed by the Real Estate Assessment Center of HUD.
(119) Unit--Any residential rental unit in a Development
consisting of an accommodation, including a single room used as an
accommodation on a non-transient basis, that contains complete phys-
ical facilities and fixtures for living, sleeping, eating, cooking and san-
itation.
(120) Unit of General Local Government--A city, town,
county, village, tribal reservation or other general purpose political sub-
division of the State. For purposes of 11.9 of this title (relating to
Competitive HTC Selection Criteria) Unit of General Local Govern-
ment shall mean a city or county.
(121) Unit Type--Units will be considered different Unit
Types if there is any variation in the number of bedroom, bathrooms or
a square footage difference equal to or more than one-hundred twenty
(120) square feet. For example: A two Bedroom/one bath Unit is con-
sidered a different Unit Type than a two Bedroom/two bath Unit. A
three Bedroom/two bath Unit with 1,000 square feet is considered a
different Unit Type than a three Bedroom/two bath Unit with 1,200
square feet. A one Bedroom/one bath Unit with 700 square feet will
be considered an equivalent Unit Type to a one Bedroom/one bath Unit
with 800 square feet.
(122) Unstabilized Development--A development with
Comparable Units that has been approved for funding by the Depart-
ment's Board of Directors or is currently under construction or has not
maintained a 90 percent occupancy level for at least twelve (12) con-
secutive months following construction completion. A development37 TexReg 7348 September 21, 2012 Texas Register
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Texas. Secretary of State. Texas Register, Volume 37, Number 38, Pages 7327-7532, September 21, 2012, periodical, September 21, 2012; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth288980/m1/21/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.