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A BILL TO BE ENTITLED
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AN ACT
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relating to eligibility requirements under the owner-builder loan |
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program. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2306.753(b), Government Code, is amended |
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to read as follows: |
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(b) To be eligible for a loan under this subchapter, an |
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owner-builder: |
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(1) may not have an annual income that exceeds 80 [60] |
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percent, as determined by the department, of the greater of the |
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state or local median family income, when combined with the income |
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of any person who resides with the owner-builder; |
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(2) must have resided in this state for the preceding |
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six months; |
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(3) must have successfully completed an owner-builder |
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education class under Section 2306.756; and |
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(4) must agree to: |
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(A) provide through personal labor at least 65 |
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percent of the labor necessary to build or rehabilitate the |
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proposed housing by working through a state-certified |
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owner-builder housing program; |
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(B) provide an amount of personal labor |
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equivalent to the amount required under Paragraph (A) in connection |
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with building or rehabilitating housing for others through a |
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state-certified owner-builder housing program; |
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(C) provide through the noncontract labor of |
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friends, family, or volunteers and through personal labor at least |
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65 percent of the labor necessary to build or rehabilitate the |
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proposed housing by working through a state-certified |
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owner-builder housing program; or |
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(D) if due to documented disability or other |
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limiting circumstances as defined by department rule the |
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owner-builder cannot provide the amount of personal labor otherwise |
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required by this subdivision, provide through the noncontract labor |
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of friends, family, or volunteers at least 65 percent of the labor |
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necessary to build or rehabilitate the proposed housing by working |
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through a state-certified owner-builder housing program. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2023. |
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* * * * * |