Texas Department of Housing & Community Affairs - Building Homes and Strengthening Communities

Asset Management Announcements

  • TDHCA invites public comment on the Draft Proposed Amendments to 10 TAC Chapter 10, Subchapter E Asset Management Rules beginning 8:00 A.M. October 27, 2017 Austin local time and ending at 5:00 P.M. November 27, 2017 Austin local time. For details and comment submission information please visit TDHCAs Public Comment Center.
  • Material Amendment to be presented to the TDHCA Board at its November 9, 2017 meeting

Presentation, discussion and possible action regarding a Material Amendment to the Housing Tax Credit Application Land Use Restriction Agreement (PDF)

Presentation, discussion and possible action regarding a Change in Ownership Structure Prior to Issuance of IRS Forms 8609 and Amendments to Developer and Guarantor (PDF)

 

  • The Asset Management Fee Schedules have been updated during the 2017 rules cycle. See the updated Post Award Activity Fees for revised Ownership Transfer fees, Amendment fee requirements, and Extension fee requirements.
  • Construction Status Reports expected to be submitted after the due dates are subject to extension fees as of the reports to be due on or after 4/10/17. Additionally, all HTC awards must now submit Minority Owned Business Reports with each Construction Status Report. See the updated Post Award Activities Manual for more details and to access the Report form.
  • Some Amendments may now be processed as notification items without requiring a fee. See the updated Post Award Activities Manual for more details.
  • The Right of First Refusal (ROFR) process has been updated and added to the Post Award Activities Manual. See the updated Post Award Activities Manual for more details.
  • Approval of HOME rents for properties committed HOME funds after August 23, 2013 (where construction has already been completed) are required under the HOME Final Rule and approval requests must be submitted by Owners as of January 30, 2017. See the forms and process outlined in the updated Post Award Activities Manual for more details.
  • Owners of Exchange developments are required to establish a Special Reserve Account for the Development and must adhere to the Special Reserve Account Process (PDF).

NOTE: For Multifamily Program Rules, please visit the Multifamily Finance Division page