Bill Text: TX HB3608 | 2015-2016 | 84th Legislature | Comm Sub
Bill Title: Relating to the award of certain financial assistance administered by the Texas Department of Housing and Community Affairs.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-05-12 - Placed on General State Calendar [HB3608 Detail]
Download: Texas-2015-HB3608-Comm_Sub.html
84R23900 JAM-D | |||
By: Guillen | H.B. No. 3608 | ||
Substitute the following for H.B. No. 3608: | |||
By: Elkins | C.S.H.B. No. 3608 |
|
||
|
||
relating to the award of certain financial assistance administered | ||
by the Texas Department of Housing and Community Affairs. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter F, Chapter 2306, Government Code, is | ||
amended by adding Section 2306.11141 to read as follows: | ||
Sec. 2306.11141. PROMPT REVIEW OF CERTAIN APPLICATIONS; | ||
TECHNICAL ASSISTANCE. To enable an applicant to complete in a | ||
prompt and compliant manner an environmental review required for an | ||
award of financial assistance under the terms of the federal HOME | ||
Investment Partnerships Program established under Title II of the | ||
Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. | ||
Section 12701 et seq.), the department shall: | ||
(1) not later than the 90th day after the date of | ||
receipt of the application, review any substantially complete | ||
application for that assistance; and | ||
(2) provide to the applicant any necessary technical | ||
assistance. | ||
SECTION 2. Subchapter J, Chapter 2306, Government Code, is | ||
amended by adding Section 2306.233 to read as follows: | ||
Sec. 2306.233. PREDEVELOPMENT LOANS. (a) Provided the | ||
activity is identified by the department as a planned activity in | ||
the consolidated plan, the department may issue to a community | ||
housing development organization certified by the department a | ||
project-specific predevelopment loan to facilitate an activity | ||
necessary to develop a project that, if considered feasible, will | ||
receive an award of financial assistance under the terms of the | ||
federal HOME Investment Partnerships Program established under | ||
Title II of the Cranston-Gonzalez National Affordable Housing Act | ||
(42 U.S.C. Section 12701 et seq.). | ||
(b) A predevelopment loan issued under this section may not | ||
be used to pay: | ||
(1) project costs that exceed customary and reasonable | ||
project preparation costs; or | ||
(2) administrative expenses of a community housing | ||
development organization. | ||
SECTION 3. This Act takes effect September 1, 2015. |