Bill Text: TX SB2250 | 2019-2020 | 86th Legislature | Comm Sub


Bill Title: Relating to low income housing tax credits administered by the Texas Department of Housing and Community Affairs.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-05-09 - Not again placed on intent calendar [SB2250 Detail]

Download: Texas-2019-SB2250-Comm_Sub.html
 
 
  By: Johnson  S.B. No. 2250
         (In the Senate - Filed March 8, 2019; March 21, 2019, read
  first time and referred to Committee on Intergovernmental
  Relations; April 26, 2019, reported adversely, with favorable
  Committee Substitute by the following vote:  Yeas 4, Nays 3;
  April 26, 2019, sent to printer.)
Click here to see the committee vote
 
  COMMITTEE SUBSTITUTE FOR S.B. No. 2250 By:  Menéndez
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to low income housing tax credits administered by the
  Texas Department of Housing and Community Affairs.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 2306.256, Government Code, is amended by
  amending Subsection (b) and adding Subsection (c) to read as
  follows:
         (b)  Through the program, the department shall:
               (1)  maintain data on housing projected to lose its
  affordable status;
               (2)  develop policies necessary to ensure the
  preservation of affordable housing in this state;
               (3)  advise other program areas with respect to the
  policies; [and]
               (4)  assist those other program areas in implementing
  the policies;
               (5)  create for developments that have received an
  allocation of low income housing tax credits a comprehensive
  preservation strategy that includes:
                     (A)  the identification of developments at risk of
  withdrawing from the low income housing tax credit program in the
  next two years and five years;
                     (B)  a system for prioritizing developments for
  preservation; and
                     (C)  policy and funding strategies for preserving
  developments prioritized under the system described by Paragraph
  (B); and
               (6)  with respect to developments described by
  Subdivision (5), adopt and implement an affirmative marketing
  strategy for identifying and securing commitments from qualified
  entities who will maintain affordable housing options in
  developments when the owner of the development applies for a
  qualified contract or notifies the department under Section
  2306.6726 of the owner's intent to sell the development.
         (c)  The department's marketing strategy under Subsection
  (b)(6) must include a process for:
               (1)  affirmatively developing and maintaining a list of
  qualified entities, as that term is defined in Section 2306.6726;
  and
               (2)  contacting qualified entities, through a means
  other than e-mail or general postings on the department's website,
  to inform the entities of opportunities to purchase and preserve
  affordable housing.
         SECTION 2.  Section 2306.6717(a), Government Code, is
  amended to read as follows:
         (a)  Subject to Section 2306.67041, the department shall
  make the following items available on the department's website:
               (1)  as soon as practicable, any proposed application
  submitted through the preapplication process established by this
  subchapter;
               (2)  before the 30th day preceding the date of the
  relevant board allocation decision, except as provided by
  Subdivision (3), the entire application, including all supporting
  documents and exhibits, the application log, a scoring sheet
  providing details of the application score, and any other document
  relating to the processing of the application;
               (3)  not later than the third working day after the date
  of the relevant determination, the results of each stage of the
  application process, including the results of the application
  scoring and underwriting phases and the allocation phase;
               (4)  before the 15th day preceding the date of board
  action on the amendment, notice of an amendment under Section
  2306.6712 and the recommendation of the director and monitor
  regarding the amendment; [and]
               (5)  an appeal filed with the department or board under
  Section 2306.0504 or 2306.6715 and any other document relating to
  the processing of the appeal; and
               (6)  the land use restriction agreement, including any
  amendments to the agreement, for each housing tax credit property
  subject to such an agreement.
         SECTION 3.  Not later than January 15, 2020, the Texas
  Department of Housing and Community Affairs shall adopt rules as
  necessary to implement the changes in law made by this Act.
         SECTION 4.  The Texas Department of Housing and Community
  Affairs is required to implement a provision of this Act only if the
  legislature appropriates money specifically for that purpose.  If
  the legislature does not appropriate money specifically for that
  purpose, the Texas Department of Housing and Community Affairs may,
  but is not required to, implement a provision of this Act using
  other appropriations available for that purpose.
         SECTION 5.  This Act takes effect September 1, 2019.
 
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