Bill Text: TX HB1472 | 2023-2024 | 88th Legislature | Enrolled
Bill Title: Relating to eligibility requirements under the owner-builder loan program.
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: (Passed) 2023-06-09 - Effective on 9/1/23 [HB1472 Detail]
Download: Texas-2023-HB1472-Enrolled.html
| H.B. No. 1472 | ||
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| 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 [ |
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| 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. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I certify that H.B. No. 1472 was passed by the House on April | ||
| 14, 2023, by the following vote: Yeas 98, Nays 45, 2 present, not | ||
| voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| I certify that H.B. No. 1472 was passed by the Senate on May | ||
| 17, 2023, by the following vote: Yeas 22, Nays 9. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| APPROVED: _____________________ | ||
| Date | ||
| _____________________ | ||
| Governor | ||
