TO: | Honorable Yvonne Davis, Chair, House Committee on Urban Affairs |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB2308 by Davis, Yvonne (Relating to the establishment of the Texas secure loan pilot program by the Texas Department of Housing and Community Affairs.), Committee Report 1st House, Substituted |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2010 | $0 |
2011 | $0 |
2012 | $0 |
2013 | $0 |
2014 | $0 |
Fiscal Year | Probable (Cost) from Community Affairs Fed Fd 127 |
---|---|
2010 | ($1,070,000) |
2011 | $0 |
2012 | $0 |
2013 | $0 |
2014 | $0 |
The bill would amend the Government Code relating to the establishment of the Texas Secure Loan Pilot Program by the Texas Department of Housing and Community Affairs (TDHCA). The bill would require TDHCA to establish the Texas Secure Loan Pilot Program, which would serve only low and very low income households and include provisions not found in traditional mortgage loans.
The bill would take effect September 1, 2009.
Source Agencies: | 332 Department of Housing and Community Affairs, 352 Bond Review Board
|
LBB Staff: | JOB, DB, MW, NV, ER
|