First-come-first-served basis Must be current on all debts (property taxes*).
Must have received substantial damage or been destroyed as verified by Damage Assessment.
Compliant with prior event National Flood Insurance Program requirements and all duplication of benefit requirements.
Uniform Relocation Act requirements will apply to rental property applicants that have tenants at the time of application.
The rental property owner must certify that the rental property unit(s) will be rented to low to moderate income households for a period of five to twenty years depending on the amount of funds expended on the project.
*If property taxes are not current, applicant must document that one of the following alternatives will be met:
The property owner qualified for and received tax deferral as allowed under Section 33.06 of the Texas Property Code;
The property owner qualified for and received a tax exemption pursuant to Section 11.182 of the Texas Property Code; or,
The applicant entered into a payment plan, and is current, with the applicable taxing authority.