| TO: | Honorable Kevin Bailey, Chair, House Committee on Urban Affairs |
| FROM: | John S. O'Brien, Director, Legislative Budget Board |
| IN RE: | SB1908 by Ellis (Relating to affordable housing.), Committee Report 2nd House, Substituted |
The bill would amend the Government Code to provide the Texas Department of Housing and Community Affairs (TDHCA) the authority to operate the Texas First-Time Homebuyer Program. The bill would provide TDHCA the authority to establish rules and administer the program, would provide eligibility requirements for recipients of the Texas First-Time Homebuyer Program, and identifies the funding source for this program.
The bill would amend the Government Code relating to the regional allocation of certain housing funds and to the information used to determine the allocation of those funds.
The bill would modify the scoring criteria for an application for a low income housing tax credit to award the total number of points that may be awarded to an applicant for community participation if there is no neighborhood organization.
The bill would modify the eligibility of certain applications to receive allocations under the low income housing tax credit program.
The bill would amend the Government Code relating to the administration of TDHCA. The bill would impose a penalty for certain violations and remove the requirement for TDHCA to hold a hearing on the State Low Income Housing Plan in each of the state's 13 uniform state planning districts.
The bill would require TDHCA to maintain an electronic mail notification service to which any person may electronically subscribe to receive information concerning the status of preapplications and applications for the housing tax credit program.
Based on information provided from TDHCA, it is assumed that costs related to the duties and responsibilities associated with implementing the provisions of the bill could be covered by utilizing existing resources.
The bill would take effect September 1, 2007.
| Source Agencies: | 332 Department of Housing and Community Affairs
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| LBB Staff: | JOB, DB, AH
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