Bill Text: TX HB4101 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the allocation of low income housing tax credits set aside for at-risk developments.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2015-04-07 - Withdrawn from schedule [HB4101 Detail]
Download: Texas-2015-HB4101-Introduced.html
| By: Bernal | H.B. No. 4101 | |
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| relating to the allocation of low income housing tax credits set | ||
| aside for at-risk developments. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 2306.6714, Government Code, is amended | ||
| by adding Subsection (c) to read as follows: | ||
| (c) Except as otherwise provided by federal law and | ||
| notwithstanding any other provision of this chapter, in allocating | ||
| housing tax credits set aside under Subsection (a), the department | ||
| may not consider: | ||
| (1) the poverty rate or area median income in the | ||
| census tract in which the development is located; or | ||
| (2) the presence of blight three miles or less from the | ||
| development. | ||
| SECTION 2. The change in law made by this Act applies only | ||
| to low income housing tax credits that are awarded by the Texas | ||
| Department of Housing and Community Affairs during an application | ||
| cycle that begins on or after the effective date of this Act. A low | ||
| income housing tax credit that is awarded | ||
| during an application | ||
| cycle that began before the effective date of this Act 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, 2015. | ||
