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.) | ||
COMMITTEE SUBSTITUTE FOR S.B. No. 2250 | By: Menéndez |
|
||
|
||
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; [ |
||
(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; [ |
||
(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. | ||
* * * * * |