 |
Texas Statutes (Last Updated: January 4, 2014) |
 |
GOVERNMENT CODE |
|
Title 10. GENERAL GOVERNMENT |
|
Subtitle G. ECONOMIC DEVELOPMENT PROGRAMS INVOLVING BOTH STATE AND LOCAL GOVERNMENTS |
|
Chapter 2306. TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS |
|
Subchapter Y. TEXAS STATE AFFORDABLE HOUSING CORPORATION |
Sec. 2306.5621. FIRE FIGHTER, LAW ENFORCEMENT OR SECURITY OFFICER, AND EMERGENCY MEDICAL SERVICES PERSONNEL HOME LOAN PROGRAM
-
(a) In this section:
(1) "Fire fighter" means a member of a fire department who performs a function listed in Section 419.021(3)(C), Government Code.
(2) "Home" means a dwelling in this state in which a fire fighter, corrections officer, county jailer, public security officer, peace officer, or person defined as emergency medical services personnel under this section intends to reside as the borrower's principal residence.
(3) "Mortgage lender" has the meaning assigned by Section 2306.004.
(4) "Peace officer" has the meaning assigned by Section 1.07(a)(36), Penal Code.
(5) "Program" means the fire fighter, law enforcement or security officer, and emergency medical services personnel home loan program.
(6) "Corrections officer" means a corrections officer employed by the Texas Department of Criminal Justice or a juvenile correctional officer employed by the Texas Youth Commission.
(7) "County jailer" has the meaning assigned by Section 1701.001, Occupations Code.
(8) "Public security officer" has the meaning assigned by Section 1701.001, Occupations Code.
(9) "Emergency medical services personnel" has the meaning assigned by Section 773.003, Health and Safety Code.
(b) The corporation shall establish a program to provide eligible fire fighters, corrections officers, county jailers, public security officers, peace officers, and emergency medical services personnel with low-interest home mortgage loans.
(c) To be eligible for a loan under this section, at the time a person files an application for the loan, the person must:
(1) be a fire fighter, corrections officer, county jailer, public security officer, peace officer, or person defined as emergency medical services personnel under this section;
(2) reside in this state; and
(3) have an income of not more than 115 percent of area median family income, adjusted for family size, or the maximum amount permitted by Section 143(f), Internal Revenue Code of 1986, whichever is greater.
(d) The corporation may contract with other agencies of the state or with private entities to determine whether applicants qualify as fire fighters, corrections officers, county jailers, public security officers, peace officers, or emergency medical services personnel under this section or otherwise to administer all or part of this section.
(e) The board of directors of the corporation may set and collect from each applicant any fees the board considers reasonable and necessary to cover the expenses of administering the program.
(f) The board of directors of the corporation shall adopt rules governing:
(1) the administration of the program;
(2) the making of loans under the program;
(3) the criteria for approving mortgage lenders;
(4) the use of insurance on the loans and the homes financed under the program, as considered appropriate by the board to provide additional security for the loans;
(5) the verification of occupancy of the home by the fire fighter, corrections officer, county jailer, public security officer, peace officer, or person defined as emergency medical services personnel as the borrower's principal residence; and
(6) the terms of any contract made with any mortgage lender for processing, originating, servicing, or administering the loans.
(g) The corporation shall ensure that a loan under this section is structured in a way that complies with any requirements associated with the source of the funds used for the loan.
(h) In addition to funds set aside for the program under Section 1372.0222, the corporation may solicit and accept funding for the program from the following sources:
(1) gifts and grants for the purposes of this section;
(2) available money in the housing trust fund established under Section 2306.201, to the extent available to the corporation;
(3) federal block grants that may be used for the purposes of this section, to the extent available to the corporation;
(4) other state or federal programs that provide money that may be used for the purposes of this section; and
(5) amounts received by the corporation in repayment of loans made under this section.
(h-1) To fund home mortgage loans for eligible fire fighters, corrections officers, county jailers, public security officers, peace officers, and emergency medical services personnel under this section, the corporation may use any proceeds received from the sale of bonds, notes, or other obligations issued under the home loan program provided by this section, regardless of any amendments to the eligibility standards for loans made under the program and regardless of when the corporation received the proceeds from those bonds, notes, or other obligations issued under the program.
(i) This section expires September 1, 2014.