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Amend CSSB 1908 (House Committee Printing) as follows:
(1) Strike SECTION 8 of the bill (page 12, line 16 through
page 14, line 13) and substitute the following:
SECTION 8. Section 2306.6710(b), Government Code, is
amended to read as follows:
(b) If an application satisfies the threshold criteria, the
department shall score and rank the application using a point
system that:
(1) prioritizes in descending order criteria
regarding:
(A) financial feasibility of the development
based on the supporting financial data required in the application
that will include a project underwriting pro forma from the
permanent or construction lender;
(B) quantifiable community participation with
respect to the development, evaluated on the basis of written
statements from any neighborhood organizations on record with the
state or county in which the development is to be located and whose
boundaries contain the proposed development site;
(C) the income levels of tenants of the
development;
(D) the size and quality of the units;
(E) the commitment of development funding by
local political subdivisions;
(F) [the level of community support for the
application, evaluated on the basis of written statements from
state elected officials;
[(G)] the rent levels of the units;
(G) [(H)] the cost of the development by square
foot; and
(H) [(I)] the services to be provided to tenants
of the development; and
(2) uses criteria imposing penalties on applicants or
affiliates who have requested extensions of department deadlines
relating to developments supported by housing tax credit
allocations made in the application round preceding the current
round or a developer or principal of the applicant that has been
removed by the lender, equity provider, or limited partners for its
failure to perform its obligations under the loan documents or
limited partnership agreement.
(2) Strike Subdivision (7), SECTION 34 of the bill (page 37,
lines 23-24) and substitute the following:
(7) Subsections (f) and (g), Section 2306.6710, and
Subsection (b), Section 2306.6718, Government Code.