Rules & Regulations of the State of Tennessee
Title 0770 - Housing Development
Chapter 0770-01-04 - Rental Housing Loan Program
Section 0770-01-04-.08 - TENANT SELECTION PLAN

Universal Citation: TN Comp Rules and Regs 0770-01-04-.08

Current through September 24, 2024

(1) The proposed tenant selection plan submitted with the preliminary proposal as required by Rule 0770-1-4-.02(2)(m) shall include, among other information that may be required from time to time, the following:

(a) The proposed rent structure of the proposed housing development, including any rent levels made possible by subsidies or other assistance from the Federal government, including Section 8 Housing Assistance Payments Contracts, or other sources;

(b) The proposed income levels of tenants in accordance with the provisions of Rule 0770-1-1-.01(18) of these Regulations, with a view to applying a combination of assistance available under programs of the Federal government, the Agency and other sources so as to provide an economic mix within the housing development and to provide an adequate number of family dwelling units;

(c) Any arrangements contemplated by the housing sponsors for occupant referrals or relocations from local redevelopment and housing authorities, Federal, State or local government agencies or community organizations; and

(d) The proposed marketing plan to be employed with respect to the proposed housing development, including Affirmative Fair Housing Marketing Plan. The sponsor shall commence marketing no later than ninety (90) days prior to estimated completion of the project.

(2) Initial occupancy in dwelling units financed under Part IV of these Rules and Regulations, and which receive rental assistance for one hundred percent (100%) of the dwelling units through the Federal Section 8 Rental Assistance Program, shall be primarily for ' 'Persons and Families of Lower and Moderate Income' ' determined in accordance with Rule 0770-1-1-.01(18) of the Regulations; provided that in order to obtain operational and economic stability of, and economic integration within a housing development, a sponsor may permit, upon Agency approval, initial occupancy of up to 35% of tenants not found to be Persons and Families of Lower and Moderate Income, as herein defined.

(3) Of the occupants in dwelling units financed under Part IV of these Rules and Regulations but which do not receive rental assistance for one hundred percent (100%) of the units, at least twenty percent (20%) shall be persons or families whose incomes are eighty percent (80%) or less of the area median income.

Authority: T.C.A. § 13-23-115(18).

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