- (a) Set-Asides. In accordance with Tex. Gov't Code §2306.753(d), at least two-thirds of the dollar amount of Program loans made in each fiscal year must be made to Owner-Builders whose real property is located in a census tract that has a median household income that is not greater than 75% of the median state household income for the most recent year for which statistics are available.
- (b) Balance of State. The remaining one-third of the dollar amount of Program loans made may be made to Owner-Builders anywhere in the state.
(c) Loan Priority. The Department may allow a Participant access to the Reservation System 24 hours prior to all other Participants for reservations for Owner-Builder Applicants that meet the following criteria:
- (1) Annual household income is less than $17,500; or
- (2) Real property is located in a county and/or municipality that agrees in writing to waive the Capital Recovery Fees, building permit fee or other fees related to the house(s) to be built with the loan proceeds. Owner-Builder Applicant will not receive priority if there are none of the above fees imposed by the county and/or municipality or water supply company.
Source Note:The provisions of this §24.7 adopted to be effective October 31, 2019, 44 TexReg 6356.