Bill Text: TX HB627 | 2025-2026 | 89th Legislature | Introduced
Bill Title: Relating to the requirements for applications for low income housing tax credits for certain developments financed through the private activity bond program.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-11-12 - Filed [HB627 Detail]
Download: Texas-2025-HB627-Introduced.html
89R3768 JG-F | ||
By: Cortez | H.B. No. 627 |
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relating to the requirements for applications for low income | ||
housing tax credits for certain developments financed through the | ||
private activity bond program. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2306.67071, Government Code, is amended | ||
by amending Subsections (b), (c), and (d) and adding Subsection (e) | ||
to read as follows: | ||
(b) A county with a population of 1.2 million or more or a | ||
municipality with a population of 600,000 or more, as applicable, | ||
shall hold a hearing at which public comment may be made on the | ||
application. | ||
(c) Except as provided by Subsection (e), the [ |
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may not approve an application for housing tax credits for | ||
developments financed through the private activity bond program | ||
unless the applicant has submitted to the department a certified | ||
copy of a resolution from each applicable governing body described | ||
by Subsection (a). The resolution must certify that: | ||
(1) notice has been provided to each governing body as | ||
required by Subsection (a); | ||
(2) each governing body has had sufficient opportunity | ||
to obtain complete responses [ |
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regarding any questions or concerns about the proposed development; | ||
(3) for a county or municipality described by | ||
Subsection (b), the [ |
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municipality has held a hearing under that subsection [ |
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(4) after due consideration of the information | ||
provided by the applicant and public comment, the governing body | ||
does not object to the proposed application. | ||
(d) Except as provided by Subsection (e), the [ |
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department by rule may provide for the time and manner of the | ||
submission to the department of a resolution required by Subsection | ||
(c). | ||
(e) The board may approve an application for housing tax | ||
credits for developments financed through the private activity bond | ||
program that will be located in a county or municipality described | ||
by Subsection (b) if, before the 90th day after the date on which | ||
all applicable governing bodies received notice of the application | ||
under Subsection (a), the governing body does not: | ||
(1) hold a hearing as required by Subsection (b); and | ||
(2) pass a resolution described by Subsection (c) or | ||
otherwise object to the application through an official decree. | ||
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. |