Bill Text: TX SB2512 | 2023-2024 | 88th Legislature | Comm Sub


Bill Title: Relating to eligibility requirements under the owner-builder loan program.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2023-05-12 - Not again placed on intent calendar [SB2512 Detail]

Download: Texas-2023-SB2512-Comm_Sub.html
 
 
  By: West  S.B. No. 2512
         (In the Senate - Filed March 10, 2023; March 23, 2023, read
  first time and referred to Committee on Local Government;
  May 4, 2023, reported favorably by the following vote:  Yeas 8,
  Nays 1; May 4, 2023, sent to printer.)
Click here to see the committee vote
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to eligibility requirements under the owner-builder loan
  program.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 2306.753(b), Government Code, is amended
  to read as follows:
         (b)  To be eligible for a loan under this subchapter, an
  owner-builder:
               (1)  may not have an annual income that exceeds 80 [60]
  percent, as determined by the department, of the greater of the
  state or local median family income, when combined with the income
  of any person who resides with the owner-builder;
               (2)  must have resided in this state for the preceding
  six months;
               (3)  must have successfully completed an owner-builder
  education class under Section 2306.756; and
               (4)  must agree to:
                     (A)  provide through personal labor at least 65
  percent of the labor necessary to build or rehabilitate the
  proposed housing by working through a state-certified
  owner-builder housing program;
                     (B)  provide an amount of personal labor
  equivalent to the amount required under Paragraph (A) in connection
  with building or rehabilitating housing for others through a
  state-certified owner-builder housing program;
                     (C)  provide through the noncontract labor of
  friends, family, or volunteers and through personal labor at least
  65 percent of the labor necessary to build or rehabilitate the
  proposed housing by working through a state-certified
  owner-builder housing program; or
                     (D)  if due to documented disability or other
  limiting circumstances as defined by department rule the
  owner-builder cannot provide the amount of personal labor otherwise
  required by this subdivision, provide through the noncontract labor
  of friends, family, or volunteers at least 65 percent of the labor
  necessary to build or rehabilitate the proposed housing by working
  through a state-certified owner-builder housing program.
         SECTION 2.  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, 2023.
 
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