The purpose of the Taxable Mortgage Program is to facilitate the origination of single-family mortgage loans and to refinance existing mortgage loans for eligible homebuyers and in both cases to provide down payment and closing cost assistance. Chapter 20 of this title (relating to the Single Family Programs Umbrella Rule) will apply to all Single Family activities, including Single Family development involving rental or ownership.

Source Note:The provisions of this §28.1 adopted to be effective October 30, 2012, 37 TexReg 8504.