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Asset Management Rules
The 2022 Asset Management Rules were approved at the January 13, 2022 Board meeting and became effective February 3, 2022. 10 TAC Chapter 10 Subchapter E of the Uniform Multifamily Rules establishes the requirements governing the post award and asset management activities associated with awards of multifamily development assistance pursuant to Tex. Gov’t Code, Chapter 2306 and its regulation of multifamily funding provided through the Texas Department of Housing and Community Affairs (the “Department”) as authorized by the legislature.
These rules are used in conjunction with the applicable Qualified Allocation Plan in the year the development was awarded, the Multifamily Direct Loan Rule in 10 TAC Chapter 13, the Underwriting Rules (Subchapter D), and the Compliance Rules (Subchapter F) and Subchapters B and C of the Texas Administrative Code Title 10 Chapter 1 to guide post award and asset management activities. See below links to the current rules sections: