SECTION 330:75-1-1. Purpose

  The intent of the National Housing Trust Fund Program is to complement existing federal, State and local efforts to increase and preserve the supply of decent, safe, and sanitary affordable Housing for Very Low-Income Families and Extremely Low-Income Families, including homeless families. As set forth in the Interim Rule, Very Low-Income Families may only be assisted if the total funding for the entire federal Program exceeds $1 Billion. In all instances, at least seventy-five percent (75%) of the funding must assist Extremely Low-Income Families or families with incomes at or below the Poverty Line, whichever is greater. If less than $1 Billion is available to fund the entire Program, one hundred percent (100%) of the funds must assist Extremely Low-Income Families or families with incomes at or below the Poverty Line, whichever is greater.

[Source: Added at 33 Ok Reg 559, eff 6-21-16 (emergency); Added at 34 Ok Reg 1397, eff 9-11-17]