 |
Oklahoma Administrative Code (Last Updated: March 11, 2021) |
 |
TITLE 330. Oklahoma Housing Finance Agency |
|
Chapter 75. National Housing Trust Fund Program |
|
Subchapter 1. General Provisions |
SECTION 330:75-1-4. Definitions
Latest version.
- The following words and terms, when used in this Chapter, shall have the following meanings unless the context clearly indicates otherwise. Additional capitalized terms used in these Chapter 75 Rules may be defined in the Act. When a conflict exists between the following definitions and the Act, the Act shall control."Act" means Title I of the Housing and Economic Recovery Act of 2008, Section 1131 (Public Law 110-289)."Allocation Plan" means the State's annual Program description for the Administration of National Housing Trust Fund Program Funds received by the State. The Allocation Plan is included in the Consolidated Plan and must be reviewed and approved by HUD."Applicant" means an eligible entity that has applied for or will apply for National Housing Trust Fund Program funding."Application" means an Application from an eligible entity for funding from the State's allocation of funds for the National Housing Trust Fund."Application Packet" means the required Program documents stating the National Housing Trust Fund Program objectives, the State-specific objectives for the National Housing Trust Fund, and method of distribution of National Housing Trust Fund Program Funds (including program income and recaptured funds), as well as the required forms for filing an Application for National Housing Trust Fund Program Funds."Consolidated Plan" means a plan prepared in accordance with the requirements of 24 CFR Part 91 which describes community needs, resources, priorities and proposed activities to be undertaken under certain HUD programs, including the National Housing Trust Fund Program."Extremely Low-Income Families" means low-income families whose annual incomes do not exceed thirty percent of the median family income for the area, as determined by HUD, with adjustments for family size."Housing" means manufactured housing and manufactured housing lots, permanent housing for disabled and homeless persons, single-room occupancy housing, and group homes. "Housing" does not include emergency shelters (including shelters for disaster victims) or facilities such as nursing homes, convalescent homes, hospitals, residential treatment facilities, halfway houses, housing for students, or dormitories (including farmworker dormitories)."HUD" means the United States Department of Housing and Urban Development."Interim Rule" means the National Housing Trust Fund Program requirements as set forth in 24 CFR Part 93, Sections 93.1 et seq."National Housing Trust Fund Program" means the National Housing Trust Fund Program as established under Title 1 of the Housing and Economic Recovery Act of 2008, as set forth therein."National Housing Trust Fund Program Regulations" means the regulations pursuant to the Interim Rule at 24 CFR Part 93."OHFA" means the Oklahoma Housing Finance Agency. OHFA has been designated by the Governor to administer the State's National Housing Trust Fund Program on behalf of the State."Poverty Line" means the Poverty Line as defined in Section 673 of the Omnibus Budget Reconciliation Act of 1981 (42 U.S.C. 9902)."Program Funds " means all appropriations for the National Housing Trust Fund Program, plus all Program Income and other returned and recaptured funds."Program Income" means gross income received by OHFA or the Recipient that is directly generated by the use of Program Funds, as further defined in the Interim Rule."Program Year" means the period selected by OHFA in which it shall administer its formula allocation for the National Housing Trust Fund Program."Project" means a site or sites, together with any building or buildings that are to be assisted with National Housing Trust Fund Program Funds as a single undertaking."Recipient" means any eligible Applicant or entity receiving National Housing Trust Fund Program Funds through OHFA. The use of the term "Recipient" instead of "Awardee" as used in most of OHFA's funding programs, is to maintain consistency with the Program terminology as used by HUD in the Interim Rule."State" means the State of Oklahoma."Very low-income families" means families whose annual incomes are in excess of 30 percent but not greater than 50 percent of the median family income for the area, as determined by HUD, with adjustments for family size."Written Agreement" means the contract between OHFA and an Recipient of Program Funds, setting forth the terms and conditions that must be met by the Recipient to satisfactorily complete a NHTF Program Project and comply with the Interim Rule and these Chapter 75 Rules.