Bill Text: TX HB1472 | 2023-2024 | 88th Legislature | Comm Sub

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Comm_Sub.html

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88R2368 JG-F
By: Walle, et al. H.B. No. 1472

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.