Bill Text: TX SB1114 | 2019-2020 | 86th Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the sale or donation of certain school district property for the development of affordable housing for school district personnel and other income-eligible persons.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2019-05-13 - Left pending in committee [SB1114 Detail]

Download: Texas-2019-SB1114-Introduced.html
  86R8770 JG-F
 
  By: Lucio S.B. No. 1114
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the sale or donation of certain school district
  property for the development of affordable housing for school
  district personnel.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter D, Chapter 11, Education Code, is
  amended by adding Section 11.15415 to read as follows:
         Sec. 11.15415.  SALE OR DONATION OF PROPERTY FOR DEVELOPMENT
  OF AFFORDABLE HOUSING. (a) Notwithstanding any other provision of
  law, the board of trustees of an independent school district may by
  resolution authorize the sale, at less than fair market value, or
  donation of any property held in trust for public school purposes to
  the Texas State Affordable Housing Corporation or another nonprofit
  organization with expertise in developing affordable housing for
  the development of affordable housing under Section 2306.570,
  Government Code.
         (b)  Before adopting a resolution to sell or donate property
  under this section, the board of trustees of an independent school
  district shall:
               (1)  hold a public hearing concerning the sale or
  donation of the property and, in addition to any other notice
  required, give notice of the hearing by publishing the subject
  matter, location, date, and time of the hearing in a newspaper
  having general circulation in the territory of the district;
               (2)  ensure that the sale or donation complies with
  Section 52, Article III, Texas Constitution, and any other
  applicable provisions of the Texas Constitution; and
               (3)  ensure that the sale will serve a public purpose.
         SECTION 2.  Section 2306.553(a), Government Code, is amended
  to read as follows:
         (a)  The public purpose of the corporation is to perform
  activities and services that the corporation's board of directors
  determines will promote the public health, safety, and welfare
  through the provision of adequate, safe, and sanitary housing
  primarily for individuals and families of low, very low, and
  extremely low income and for persons who are eligible for loans
  under the home loan program provided by Section 2306.5621 or who are
  eligible to receive affordable housing under Section 2306.570. The
  activities and services shall include engaging in mortgage banking
  activities and lending transactions and acquiring, holding,
  selling, or leasing real or personal property.
         SECTION 3.  Subchapter Y, Chapter 2306, Government Code, is
  amended by adding Section 2306.570 to read as follows:
         Sec. 2306.570.  DEVELOPMENT OF AFFORDABLE HOUSING FOR
  CERTAIN SCHOOL DISTRICT PERSONNEL. (a) The corporation or a
  nonprofit organization designated by the corporation with
  expertise in developing affordable housing may purchase or receive
  property under Section 11.15415, Education Code, to develop
  multifamily and single-family affordable housing units for school
  district personnel, including educators, school nurses, school
  counselors, and other administrative staff of the school district.
         (b)  The corporation or a nonprofit organization that
  purchases or receives property to develop affordable housing shall:
               (1)  ensure that the property will be used in
  accordance with the public purposes of the corporation outlined
  under Section 2306.553; and
               (2)  impose deed restrictions requiring the sale or
  rental of the property to moderate or low income households.
         (c)  For multifamily housing units developed under this
  section the deed restrictions must require that:
               (1)  not less than 80 percent of the units must be
  occupied by and affordable to families with a household income of
  not more than 80 percent of the area median family income, based on
  gross household income and adjusted for household size, for the
  county or metropolitan statistical area in which the units are
  located; and
               (2)  for multifamily housing units available for rent:
                     (A)  not less than 40 percent of the units must be
  occupied by and affordable to families with a household income of
  not more than 60 percent of the area median family income, based on
  gross household income and adjusted for household size, for the
  county or metropolitan statistical area in which the units are
  located; or
                     (B)  not less than 20 percent of the units must be
  occupied by and affordable to families with a household income of
  not more than 50 percent of the area median family income, based on
  gross household income and adjusted for household size, for the
  county or metropolitan statistical area in which the units are
  located.
         (d)  For single-family housing units developed under this
  section the deed restrictions must require that:
               (1)  not less than 50 percent of the units must be sold
  to families with a household income of not more than 80 percent of
  the area median family income, based on gross household income and
  adjusted for household size, for the county or metropolitan
  statistical area in which the units are located; and
               (2)  the remaining units must be sold to families with a
  household income of not more than 120 percent of the area median
  family income, based on gross household income and adjusted for
  household size, for the county or metropolitan statistical area in
  which the units are located.
         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, 2019.
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