- (a) Set-Asides. In accordance with Texas Government Code, §2306.753(d), at least two-thirds (2/3) of the dollar amount of loans made under this chapter in each fiscal year must be made to Owner-Builders whose property is located in a census tract that has a median household income that is not greater than 75 percent of the median state household income for the most recent year for which statistics are available.
- (b) Balance of State. The remaining one-third (1/3) of the dollar amount of loans may be made to Owner-Builders statewide.
(c) Loan Priority. The Department may allow a Participant access to the Reservation System 24 hours prior to all other Participants if the Owner-Builder Applicant meets the following criteria:
- (1) annual household income is less than $17,500; or
- (2) 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 are imposed by the county and/or municipality or water supply company.
Source Note:The provisions of this §24.7 adopted to be effective November 1, 2012, 37 TexReg 8496; amended to be effective November 12, 2015, 40 TexReg 7816.