Bill Text: TX SB2549 | 2025-2026 | 89th Legislature | Comm Sub
Bill Title: Relating to the allocation of housing tax credits to developments within proximate geographical areas.
Sponsorship: Partisan Bill (Democrat 3)
Status: (Introduced - Dead) 2025-05-20 - Not again placed on intent calendar [SB2549 Detail]
Download: Texas-2025-SB2549-Comm_Sub.html
| By: West, Gutierrez | S.B. No. 2549 | |
| (In the Senate - Filed March 13, 2025; April 3, 2025, read | ||
| first time and referred to Committee on Local Government; | ||
| May 9, 2025, reported adversely, with favorable Committee | ||
| Substitute by the following vote: Yeas 6, Nays 1; May 9, 2025, sent | ||
| to printer.) | ||
| COMMITTEE SUBSTITUTE FOR S.B. No. 2549 | By: Cook | |
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| 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(f), Government Code, is | ||
| amended to read as follows: | ||
| (f) Except as provided by Subsection (f-1), 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: | ||
| (1) applies only to communities contained within | ||
| counties with populations exceeding one million; and | ||
| (2) does not apply to the allocation of housing tax | ||
| credits to a development for the rehabilitation of existing | ||
| affordable, rent-restricted units. | ||
| 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 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 3. This Act takes effect September 1, 2025. | ||
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