Enrolled Bill Summary

House Bill 429	House Author:  Guillen
Effective:  9-1-13	Senate Sponsor:  Zaffirini

            House Bill 429 amends the Government Code to authorize a proposed or existing development that, before September 1, 2013, has been awarded or has received certain federal financial assistance provided under the federal Housing Act of 1949 to apply for certain low income housing tax credits allocated for the uniform state service region in which the development is located, regardless of whether the development is located in a rural area.

House Bill 429 repeals a provision that defines "rural area" for purposes of an application for low income housing tax credits under the low income housing tax credit program and redefines "rural area," as it relates to the Texas Department of Housing and Community Affairs, by excluding from the definition an area that is located in a municipality with a population of less than 50,000 that is eligible for funding by the Texas Rural Development Office of the U.S. Department of Agriculture.