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House Bill 1512 |
House Author: Isaac |
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Effective: 6-15-17 |
Senate Sponsor: Watson |
House Bill 1512 amends the Government Code to remove the $90,000 cap on the total amount of amortized, repayable loans made by the Texas Department of Housing and Community Affairs (TDHCA) and other entities to an owner-builder under the owner-builder loan program. The bill requires all money received by the TDHCA as part of the owner-builder loan program to be deposited in the housing trust fund and repeals provisions establishing the owner-builder revolving loan fund.