Section 15-304-21 - Generally(a) The corporation may use the Housing Trust Fund for uses allowed under the Housing Trust Fund program, including the new construction, acquisition, or rehabilitation of rental housing units affordable to extremely low-income families at or below thirty per cent of the area median income, and when necessary and subject to the limitations in 24 CFR section 93.200(a), operating costs defined at 24 CFR section 93.201(e) (1) for Housing Trust Fund assisted rental units for which project-based assistance is not available.(b) The corporation shall prepare an annual housing trust fund allocation plan as part of the consolidated planning process. The annual housing trust fund allocation plan shall describe the distribution of funds and establish the application requirements and the criteria for the selection of applications submitted by eligible recipients that meet the State's priority housing needs.(c) The annual housing trust fund allocation plan shall reflect how the housing trust fund will be distributed, such -as through grants to subgrantees or directly to eligible recipients, as required under 24 CFR section 91.320(k)(5).(d) The corporation may amend the housing trust fund allocation plan following the procedures provided in 24 CFR part 91.(e) The corporation shall delegate to the executive director responsibility for day-to-day administration of this program."[Eff 3/1/2024] (Auth: HRS §§201H-4, 201H-16) (Imp: HRS §201H-16, 24 CFR Parts 91 and 93)