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                                                                  S.B. No. 833




AN ACT

relating to the required use of tax increment financing to provide 
affordable housing in certain reinvestment zones.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 311.011, Tax Code, is amended by adding 
Subsection (h) to read as follows:
	(h)  This subsection applies only to a zone that is located 
in a county with a population of more than 800,000 and less than 1.4 
million, is designated on or after January 1, 2005, and is or will 
be served by a rail transportation project as defined by general 
law.  The project plan for the zone must:
		(1)  contain a residential component that includes the 
construction of affordable housing in the zone;
		(2)  require that at least 25 percent of the tax 
increment of the zone be used to acquire necessary real property and 
construct the affordable housing until at least 10 percent of the 
total square footage in the residential component as shown in the 
project plan consists of multifamily rental properties and 
single-family dwellings, half of which are affordable to 
individuals or families with incomes at or below 30 percent of the 
area median income, as determined by the Texas Department of 
Housing and Community Affairs, adjusted for family size, and half 
of which are affordable to individuals or families with incomes 
above 30 percent and below 50 percent of the adjusted area median 
income;
		(3)  require that the affordable housing consisting of 
rental properties continue to be affordable for at least 30 years 
from the date of construction and that the affordable housing 
consisting of owner-occupied single-family dwellings continue to 
be affordable for at least 10 years from the date of construction; 
and
		(4)  include policies that govern the administration of 
the affordability terms for affordable housing consisting of rental 
properties and of owner-occupied single-family dwellings.
	SECTION 2.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2005.

                                                                              




______________________________    ______________________________
President of the Senate             Speaker of the House
	I hereby certify that S.B. No. 833 passed the Senate on 
May 5, 2005, by the following vote:  Yeas 31, Nays 0; and that the 
Senate concurred in House amendment on May 24, 2005, by the 
following vote:  Yeas 31, Nays 0.




______________________________ 
   Secretary of the Senate             
	I hereby certify that S.B. No. 833 passed the House, with 
amendment, on May 20, 2005, by the following vote:  Yeas 139, 
Nays 0, two present not voting.




______________________________ 
   Chief Clerk of the House            



Approved:


______________________________ 
            Date



______________________________ 
          Governor