Rules & Regulations of the State of Tennessee
Title 0770 - Housing Development
Chapter 0770-06-05 - Grant Program
Section 0770-06-05-.07 - ALLOCATION PROCEDURE

Universal Citation: TN Comp Rules and Regs 0770-06-05-.07
Current through September 24, 2024

The Agency Board shall establish an allocation for distribution of the grant funds. The amount of money allocated to each jurisdiction shall be determined by multiplying the amount allocated to the Program Fund by an appropriate factor. This factor may be based on certain demographic factors including population, percent of households in poverty, households, housing units constructed before 1940, and the percent of poor households living in housing with certain problems.

In order to receive the allocation, the eligible political jurisdiction must submit an acceptable application and provide matching funds. The Agency shall establish deadlines for submitting applications.

Authority: T.C.A. § 13-23-115(18).

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