By: Lucio S.B. No. 1503
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to an assessment of the affordable housing needs of the
1-3 regions of this state.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Chapter 2306, Government Code, is amended by
1-6 adding Subchapter GG to read as follows:
1-7 SUBCHAPTER GG. TEXAS AFFORDABLE HOUSING NEEDS ASSESSMENT
1-8 Sec. 2306.781. DEFINITIONS. In this subchapter:
1-9 (1) "Border region" means the area composed of the
1-10 counties of Brewster, Brooks, Cameron, Culberson, Dimmit, Duval, El
1-11 Paso, Hidalgo, Hudspeth, Jeff Davis, Jim Hogg, Kenedy, Kinney, La
1-12 Salle, Maverick, Presidio, Starr, Val Verde, Webb, Willacy, Zapata,
1-13 and Zavala.
1-14 (2) "Public senior college or university" has the
1-15 meaning assigned by Section 61.003, Education Code.
1-16 Sec. 2306.782. TEXAS AFFORDABLE HOUSING NEEDS ASSESSMENT.
1-17 (a) In conjunction with the office of the comptroller, the
1-18 department shall assess the present and future affordable housing
1-19 needs of the border region and of the uniform state service regions
1-20 of this state.
1-21 (b) The department shall use the following factors in making
1-22 the assessment required by this subchapter:
1-23 (1) the number of extremely low, very low, and low
1-24 income households in each region;
1-25 (2) the number and type of publicly subsidized housing
2-1 units in each region;
2-2 (3) the number and amount of loans provided by the
2-3 department in each region and the income level of the recipients of
2-4 the loans;
2-5 (4) the number and amount of housing development
2-6 grants made by the department in each region and a description of
2-7 each grant;
2-8 (5) the number of substandard or inadequate housing
2-9 units in each region;
2-10 (6) cost estimates for correcting substandard and
2-11 inadequate housing conditions in each region;
2-12 (7) the number of extremely low, very low, and low
2-13 income households in each region that spend more than half of
2-14 household income on rent or mortgage payments;
2-15 (8) cost estimates for relieving housing cost burdens
2-16 for extremely low, very low, and low income households in each
2-17 region;
2-18 (9) an analysis of the market demand for housing by
2-19 extremely low, very low, and low income households;
2-20 (10) an analysis of the loans and private sector home
2-21 mortgage lending rates available to extremely low, very low, and
2-22 low income borrowers in each region;
2-23 (11) an analysis of the principal barriers to home
2-24 mortgage credit faced by extremely low, very low, and low income
2-25 borrowers; and
2-26 (12) the rate of subprime mortgage loan products in
3-1 home purchase, home repair, and home equity loans in each region.
3-2 (c) The assessment must provide a summary and conclusion
3-3 regarding the adequacy of existing housing and lending programs to
3-4 meet the affordable housing needs of each region.
3-5 (d) In making the assessment required by this subchapter,
3-6 the department shall use the most current data available from the
3-7 United States Census Bureau, the United States Department of
3-8 Housing and Urban Development, and federal and state banking
3-9 regulatory agencies.
3-10 (e) In making the assessment required by this subchapter,
3-11 the department shall project the affordable housing needs of each
3-12 region as of the end of each five-year period occurring between
3-13 September 1, 2001, and September 1, 2021, and as of September 1,
3-14 2031. The projection of affordable housing needs under this
3-15 subsection must include a projection of the costs and nature of the
3-16 affordable housing that will be needed in the future, including any
3-17 special need for single-family or multifamily housing.
3-18 Sec. 2306.783. FUNDING. The department may use any
3-19 available revenue, including legislative appropriations, to make
3-20 the assessment required by this subchapter.
3-21 Sec. 2306.784. CONTRACTUAL AUTHORITY. The department may
3-22 contract with a research center, a public senior college or
3-23 university, or a component of a public senior college or
3-24 university, including the Lyndon B. Johnson School of Public
3-25 Affairs, to make the assessment required by this subchapter.
3-26 Sec. 2306.785. REPORT. Not later than the 180th day after
4-1 the date the relevant information is released by the United States
4-2 Census Bureau, the department shall submit a report to the
4-3 governor, the lieutenant governor, and the legislature detailing
4-4 the department's findings on the present and future affordable
4-5 housing needs of the regions of this state.
4-6 Sec. 2306.786. EXPIRATION DATE. This subchapter expires
4-7 October 1, 2004.
4-8 SECTION 2. This Act takes effect September 1, 2001.