# 10 Tex. Admin. Code § 24.5: 10 TAC § 24.5. Program Activities

> Texas · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_5

## Section

- **Citation:** 10 Tex. Admin. Code § 24.5
- **Heading:** 10 TAC § 24.5. Program Activities
- **Jurisdiction:** Texas
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Texas Administrative Code / Title 10 COMMUNITY DEVELOPMENT / Part 1 TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS / Chapter 24 TEXAS BOOTSTRAP LOAN PROGRAM RULE / 10 TAC § 24.5

## Text

(a) Texas Bootstrap Loan Program funds may be used
 to finance affordable housing and promote homeownership through acquisition,
 New Construction, or Rehabilitation of single family residential housing
 subject to Program Manual and Survey requirements. Administrators
 may reserve funds by submitting a loan application on behalf of an
 Owner-Builder Applicant for the Texas Bootstrap Loan Program.
(b) Manufactured Housing Units are not eligible housing
 types for the Texas Bootstrap Loan Program.
(c) All Texas Bootstrap Loan Program Loans will be
 evidenced by a promissory note and will be secured by a lien on the
 subject property. The following Activities are permitted by the Department
 under the Program:
(1) Purchase Money Loans. All Program funds are used
 to finance the purchase of a single-family dwelling unit and/or a
 piece of real property. The Department makes a loan to the Owner-Builder
 and the Owner-Builder's repayment obligation begins immediately. In
 certain situations, eligible closing costs may be financed by the
 loan proceeds;
(2) Residential Construction Loans. This transaction
 is treated as a purchase money loan and is a one-time closing with
 the Owner-Builder. Construction period may be up to 12 months;
(3) Interim Construction (Closing with Administrator)
 Loans. Interim construction is a commercial transaction between the
 Administrator and the Department that is with respect to a specific
 Owner-Builder. The construction period may be up to 12 months. Once
 the construction of the home is completed, the closing with the Owner-Builder
 will take place as a purchase money loan; and
(4) Purchase of Mortgage Loans. The Department may
 purchase and take assignments from Mortgage lenders of notes and other
 obligations evidencing loans or interest in loans for purchase money
 transactions as described in paragraph (1) of this subsection.

## Nearby sections

- [10 Tex. Admin. Code § 24.1 10 TAC § 24.1. Purpose](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_1.md)
- [10 Tex. Admin. Code § 24.2 10 TAC § 24.2. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_2.md)
- [10 Tex. Admin. Code § 24.3 10 TAC § 24.3. Allocation of Funds](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_3.md)
- [10 Tex. Admin. Code § 24.4 10 TAC § 24.4. Administrator Requirements](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_4.md)
- [10 Tex. Admin. Code § 24.5 10 TAC § 24.5. Program Activities](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_5.md)
- [10 Tex. Admin. Code § 24.6 10 TAC § 24.6. Prohibited Fees](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_6.md)
- [10 Tex. Admin. Code § 24.7 10 TAC § 24.7. Distribution of Funds](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_7.md)
- [10 Tex. Admin. Code § 24.8 10 TAC § 24.8. Criteria for Funding and Reservations](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_8.md)
- [10 Tex. Admin. Code § 24.9 10 TAC § 24.9. Program Administration](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_9.md)
- [10 Tex. Admin. Code § 24.10 10 TAC § 24.10. Owner-Builder Qualifications](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_10.md)
- [10 Tex. Admin. Code § 24.11 10 TAC § 24.11. Property Guidelines and Related Issues](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_11.md)
- [10 Tex. Admin. Code § 24.12 10 TAC § 24.12. Administrator Certification](https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_12.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T10_P1_C24_S24_5. Check the current official text before relying on it. Not legal advice.