Bill Text: TX HB1295 | 2021-2022 | 87th Legislature | Introduced

Texas House Bill 1295 (Prior Session Legislation)

Introduced

Bill Title: Relating to the allocation of housing tax credits to developments within proximate geographical areas.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-05-12 - Placed on General State Calendar [HB1295 Detail]

Download: Texas-2021-HB1295-Introduced.html

	87R5906 JG-D

	By: Rodriguez	H.B. No. 1295



	A BILL TO BE ENTITLED
	AN ACT
	relating to the allocation of housing tax credits to developments
	within proximate geographical areas.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 2306.6711, Government Code, is amended
	by amending Subsection (f) and adding Subsection (f-2) to read as
	follows:
	(f) Except as provided by Subsections [~~Subsection~~] (f-1)
	and (f-2), the board may allocate housing tax credits to more than
	one development in a single community, as defined by department
	rule, in the same calendar year only if the developments are or will
	be located more than two linear miles apart. This subsection
	applies only to communities contained within counties with
	populations exceeding one million.
	(f-2) The board may allocate housing tax credits to more
	than one development in a single community only if:
	(1) at least one of the developments will be located
	wholly within a census tract in which the median value of
	owner-occupied homes has increased by 15 percent or more within the
	five years preceding the date of the application;
	(2) the governing body of the municipality containing
	the development or, if located outside a municipality, the county
	containing the development adopts a resolution that references this
	section and authorizes an allocation of housing tax credits for the
	development; and
	(3) the applicant for the development includes in the
	application a copy of the resolution described by Subdivision (2).
	SECTION 2. The change in law made by this Act applies only
	to an application for low income housing tax credits that is
	submitted to the Texas Department of Housing and Community Affairs
	during an application cycle that is based on the 2022 qualified
	allocation plan or a subsequent plan adopted by the governing board
	of the department. An application that is submitted during an
	application cycle that is based on an earlier qualified allocation
	plan is governed by the law in effect on the date the application
	cycle began, and the former law is continued in effect for that
	purpose.
	SECTION 3. This Act takes effect September 1, 2021.