Texas Register, Volume 42, Number 43, Pages 5913-6056, October 27, 2017 Page: 5,934
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that will be living in the proposed Development. For example, the
Market Analyst should use demographic data specific to the elderly
populations (and any other qualifying residents for Elderly Develop-
ments) to be served by populationn for] an Elderly Development, if
available, and should avoid making adjustments from more general
demographic data. If adjustment rates are used based on more general
data for any of the criteria described in subclauses (I) - (V) of this
clause, they should be clearly identified and documented as to their
source in the report.
(I) Population. Provide population and house-
hold figures, supported by actual demographics, for a five (5) year pe-
riod with the year of Application submission as the base year.
(II) Target. If applicable, adjust the household
projections for the qualifying demographic characteristics such as the
minimum age of the elderlyy] population to be served [targeted] by the
proposed Development.
(III) Household Size-Appropriate. Adjust the
household projections or target household projections, as applicable,
for the appropriate household size for the proposed Unit type by
number of Bedrooms proposed and rent restriction category based on
1.5 persons per Bedroom (round up).
(IV) Income Eligible. Adjust the household size
appropriate projections for income eligibility based on the income
bands for the proposed Unit Type by number of Bedrooms proposed
and rent restriction category with:
(-a-) the lower end of each income band cal-
culated based on the lowest gross rent proposed divided by 40 [35] per-
cent for the general population and 50 percent for elderly households;
and
(-b-) the upper end of each income band equal
to the applicable gross median income limit for the largest appropriate
household size based on 1.5 persons per Bedroom (round up) or one
person for Efficiency Units.
(V) Tenure-Appropriate. Adjust the income-eli-
gible household projections for tenure (renter or owner). If tenure ap-
propriate income eligible target household data is available, a tenure
appropriate adjustment is not necessary.
(ii) Gross Demand. Gross Demand is defined as the
sum of Potential Demand from the PMA, Demand from Other Sources,
and External Demand [Potential Demand from a Seeondary Market
Area(SMA)to the extent that SMA demand does not exceed 2 percent
of Gross Demand].
(iii) Potential Demand. Potential Demand is defined
as the number of income-eligible, age-, size-, and tenure-appropriate
target households in the designated market area at the proposed placed
in service date.
(I) Maximum eligible income is equal to the ap-
plicable gross median income limit for the largest appropriate house-
hold size based on 1.5 persons per Bedroom (round up) or one person
for Efficiency Units.
(II) For Developments targeting the general pop-
ulation:
(-a-) minimum eligible income is based on a
40 [3-5] percent rent to income ratio;
(-b-) appropriate household size is defined as
1.5 persons per Bedroom (rounded up); and
(-c-) the tenure-appropriate population for a
rental Development is limited to the population of renter households.(III) For Developments consisting solely of sin-
gle family residences on separate lots with all Units having three (3) or
more Bedrooms:
(-a-) minimum eligible income is based on a
40 [3-5] percent rent to income ratio;
(-b-) appropriate household size is defined as
1.5 persons per Bedroom (rounded up); and
(-c-) Gross Demand includes both renter and
owner households.
(IV) Elderly Developments [er i-ppertiveheus-
ing]:
(-a-) minimum eligible income is based on a
50 percent rent to income ratio; and
(-b-) Gross Demand includes all household
sizes and both renter and owner households within the age range
(and any other qualifying characteristics) to be served by the Elderly
Development.
(V) Supportive Housing:
(-a-) minimum eligible income is $1; and
(-b-) households meeting the occupancy
qualifications of the Development (data to quantify thisedemand may
be based on statistics beyond the defined PMA but not outside the
historical service area of the Applicant).
(VI) For Developments with rent assisted units(PBV's, PHU's):
sisted units is $1; and(-a-) minimum eligible income for the as-
(-b-) maximum eligible income for the as-
sisted units is the minimum eligible income of the corresponding
affordable unit.
(v Demand froem Secondary Market Area+}
[(9 Potential Demand from an M should be
calculated in the same way as Potential Denmnd from the ;MAJ
Potential Dnmnd from an MAnmy be in-
cluded in Gross Denmnd to the etent that MA denid does not ex-
ceed 2 per etof (Gross Denmnd- and]j
(H the supply ef proposed and unstabilized
Cem parable IJPUns in th-h ms e included in the calculatione
the eapture rate at the same pop n that Potential demand from the
SMA is included in Gross Demand-
(iv) External Demand: Assume an additional 10%
of Potential Demand from the PMA to represent demand coming from
outside the PMA.
(v) Demand from Other Sources:
(I) the source of additional demand and the
methodology used to calculate the additional demand must be clearly
stated;
(II) consideration of Demand from Other
Sources is at the discretion of the Underwriter;
(III) Demand from Other Sources must be lim-
ited to households that are not included in Potential Demand; and
(IV) if households with Section 8 vouchers are
identified as a source of demand, the Market Study must include:
(-a-) documentation of the number of vouch-
ers administered by the local Housing Authority; and
(-b-) a complete demographic report for the
area in which the vouchers are distributed.42 TexReg 5934 October 27, 2017 Texas Register
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Texas. Secretary of State. Texas Register, Volume 42, Number 43, Pages 5913-6056, October 27, 2017, periodical, October 27, 2017; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth897027/m1/22/?rotate=180: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.