(a) The Emergency Rental Assistance Developments (ERA) must use the Section 8 income limits released by HUD, generally, on an annual basis. The Section 8 limit tables include the 30% and 50% by household size.
(b) The Land Use Restriction Agreement (LURA), for Emergency Rental Assistance Developments restricts the amount of rent the Development Owner is permitted to charge.
(1) If ERA is layered with Housing Tax Credit Properties, TCAP, Exchange and SHTF, the LURA restricted rent limits will be calculated in accordance with §10.1004(d) of this subchapter (relating to Housing Tax Credit properties, TCAP, Exchange and SHTF).
(2) If ERA is layered with HOME, HOME-ARP, TCAP RF, and NSP, the LURA restricted rent limits will be calculated in accordance with §10.1005(b) of this subchapter (relating to HOME, HOME-ARP, TCAP RF, and NSP).
(3) If ERA is layered with NHTF, the LURA restricted rent limits will be calculated in accordance with §10.1006(b) of this subchapter (relating to NHTF).
Source Note: The provisions of this §10.1007 adopted to be effective May 4, 2023, 48 TexReg 2182