Bill Text: TX HB293 | 2025-2026 | 89th Legislature | Comm Sub
Bill Title: Relating to the requirements for applications for low income housing tax credits for developments financed through the private activity bond program.
Sponsorship: Partisan Bill (Republican 10)
Status: (Introduced - Dead) 2025-05-21 - Committee report sent to Calendars [HB293 Detail]
Download: Texas-2025-HB293-Comm_Sub.html
| 89R66 JAM-D | ||
| By: Swanson, Harless, Schofield, Hull, | H.B. No. 293 | |
| et al. | ||
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| relating to the requirements for applications for low income | ||
| housing tax credits for developments financed through the private | ||
| activity bond program. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. The heading to Section 2306.67071, Government | ||
| Code, is amended to read as follows: | ||
| Sec. 2306.67071. ADDITIONAL APPLICATION REQUIREMENT: | ||
| DEVELOPMENTS FINANCED THROUGH PRIVATE ACTIVITY BOND PROGRAM | ||
| [ |
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| SECTION 2. Section 2306.67071, Government Code, is amended | ||
| by amending Subsections (a) and (d) and adding Subsection (c-1) to | ||
| read as follows: | ||
| (a) Before submitting to the department an application for | ||
| housing tax credits for developments financed through the private | ||
| activity bond program, including private activity bonds issued by | ||
| the department, the Texas State Affordable Housing Corporation, or | ||
| a local issuer, an applicant must provide notice of the intent to | ||
| file the application: | ||
| (1) to the state representative who represents the | ||
| district containing the proposed development site; and | ||
| (2) to: | ||
| (A) [ |
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| which the proposed development site is to be located; | ||
| (B) [ |
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| development site is to be located, if the proposed site is to be | ||
| located in an area of a county that is not part of a municipality; or | ||
| (C) [ |
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| which the proposed development site is to be located and the | ||
| governing body of the applicable municipality, if the proposed site | ||
| is to be located in the extraterritorial jurisdiction of a | ||
| municipality. | ||
| (c-1) Regardless of whether the applicant has complied with | ||
| Subsection (c), the board may not approve an application for | ||
| housing tax credits for a development financed through the private | ||
| activity bond program if the state representative who represents | ||
| the district containing the proposed development site submits to | ||
| the department a letter opposing the development. | ||
| (d) The department by rule may provide for the time and | ||
| manner of the submission to the department of a resolution required | ||
| by Subsection (c) or a letter described by Subsection (c-1). | ||
| SECTION 3. 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 2026 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 4. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2025. | ||
