Sec. 2306.6714. AT-RISK DEVELOPMENT SET-ASIDE

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(a) The department shall set aside for at-risk developments not less than 15 percent of the housing tax credits available for allocation in the calendar year.
(b) Any amount of housing tax credits set aside under this section that remains after the initial allocation of housing tax credits is available for allocation to any eligible applicant as provided by the qualified allocation plan.

Added by Acts 2001, 77th Leg., ch. 1367, Sec. 8.01, eff. Sept. 1, 2001.

                    
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