This chapter clarifies the administration of the Texas Single Family Neighborhood Stabilization Program (Texas SFNSP). Texas SFNSP funds are administered by the Department. The Texas SFNSP awards funding to Subgrantees to acquire foreclosed, abandoned, or vacant property in order to redevelop that property to prevent it from otherwise becoming a source of blight and a contributor to declining property values.

Source Note:The provisions of this §29.1 adopted to be effective November 1, 2012, 37 TexReg 8504.