Bill Text: TX HB293 | 2025-2026 | 89th Legislature | Introduced
Bill Title: Relating to the requirements for applications for low income housing tax credits for developments financed through the private activity bond program.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2024-11-12 - Filed [HB293 Detail]
Download: Texas-2025-HB293-Introduced.html
89R66 JAM-D | ||
By: Swanson | H.B. No. 293 |
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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. |