Sec. 2306.752. OWNER-BUILDER LOAN PROGRAM. (a) To provide for the development of affordable housing in this state, the department, through the colonia self-help centers established under Subchapter Z or a nonprofit organization certified by the department as a nonprofit owner-builder housing program, shall make loans for owner-builders to enable them to:
(1) purchase or refinance real property on which to build new residential housing;
(2) build new residential housing; or
(3) improve existing residential housing.
(b) The department may adopt rules necessary to accomplish the purposes of this subchapter.
Added by Acts 1999, 76th Leg., ch. 1548, Sec. 1, eff. Aug. 30, 1999.
Section: Previous 2306.6735 2306.6736 2306.6737 2306.6738 2306.6739 2306.6740 2306.751 2306.752 2306.753 2306.754 2306.755 2306.756 2306.757 2306.758 2306.7581 NextLast modified: September 28, 2016