By Gallego                                            H.B. No. 3081
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the provision of multifamily residential development
    1-3  units by local governments for occupancy by individuals and
    1-4  families of low and very low income.
    1-5        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-6        SECTION 1.  Subchapter 2, Chapter 394, Local Government Code,
    1-7  is amended by adding Section 394.908 to read as follows:
    1-8        Sec. 394.908.  Housing for Individuals and Families of Low
    1-9  and Very Low Income.  The housing finance corporation shall provide
   1-10  for collection of an annual fee equal to $10 per month per unit for
   1-11  each unit in a multifamily residential development built, renovated
   1-12  or refinanced under any provision of this chapter if the
   1-13  multifamily residential development:  (1) contains at least 50
   1-14  units; and (2) is financed or refinanced in whole or in part under
   1-15  any provision of this chapter on or after the effective date of
   1-16  this Act.  The corporation shall require by contract that the
   1-17  developer of the multifamily residential development pay such fee
   1-18  annually to the Texas Department of Housing and Community affairs
   1-19  for deposit into the Housing Trust Fund established under Section
   1-20  2306.201, Texas Government Code.  The department shall deposit all
   1-21  funds received under this subsection to the credit of the Housing
   1-22  Trust Fund to be used to provide housing for individuals and
   1-23  families of low and very low income.
    2-1        (c)  The governing body of the local government that
    2-2  authorizes, sponsors, or otherwise participates in the creation of
    2-3  the housing finance corporation shall cooperate with the Texas
    2-4  Department of Housing and Community Affairs to implement this
    2-5  section and shall submit to the department an annual report
    2-6  relating to the number of developments financed or refinanced under
    2-7  this chapter, the number of units reserved in accordance with this
    2-8  section for individuals and families of low and very low income,
    2-9  the amount of fees contracted for, and other information required
   2-10  by the department.
   2-11        SECTION 2.  The importance of this legislation and the
   2-12  crowded condition of the calendars in both houses create an
   2-13  emergency and an imperative public necessity that the
   2-14  constitutional rule requiring bills to be read on three several
   2-15  days in each house be suspended, and this rule is hereby suspended,
   2-16  and that this Act take effect and be in force from and after its
   2-17  passage, and it is so enacted.