As previously discussed here at Texas Housers, TDHCA is currently undergoing Sunset Review. We are presenting recommendations for ways to improve TDHCA that have been endorsed by a broad range of stakeholders in TDHCA’s activities.
Issue:
The Regional Allocation Formula (RAF), as it relates to the Housing Trust Fund (HTF), needs to be clarified to exempt HTF program funds of less than $3 million from the RAF.
Background:
TDHCA does not interpret the Regional Allocation Formula statutory provisions for the Housing Trust Fund as intended. The statute excludes Housing Trust Fund funds less than $3 million from the RAF and was intended to be interpreted on a program basis. The Agency is interpreting the $3 million exemption as the total amount in the Housing Trust Fund. The net result is that funding is needlessly delayed in getting allocated.
Recommendation:
Amend the Housing Trust Fund in 2306 to clarify that Housing Trust Fund programs with less than $3 million are exempt from the Regional Allocation Formula.
This Recommendation is Endorsed By:
- Advocacy, Inc.
- Association of Rural Communities in Texas
- Center on Disability and Development – Texas A&M University
- Easter Seals Central Texas
- Habitat Texas
- Motivation Education & Training, Inc.
- Texas Association of Community Development Corporations
- Texas Association of Local Housing Finance Agencies
- Texas Council for Developmental Disabilities
- Texas Center for Disability Studies-UT
- Texas Low Income Housing Information Service
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