BILL ANALYSIS |
C.S.H.B. 3757 |
By: Farrar |
Urban Affairs |
Committee Report (Substituted) |
BACKGROUND AND PURPOSE
Interested parties assert that recent changes to the scoring criteria for low income housing tax credit program applications will likely result in higher scoring proposals being located on the outskirts of the city instead of in the inner-city neighborhoods that have better proximity to jobs and services. The parties note that the combined cost of car transportation and housing can be a great burden for lower income households. The goal of C.S.H.B. 3757 is to reduce the cost burden on lower income households by revising the applicable laws relating to the low income housing tax credit program.
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RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
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ANALYSIS
C.S.H.B. 3757 amends the Government Code to add to the conditions under which the Texas Department of Housing and Community Affairs is required to provide appropriate incentives as determined through the qualified allocation plan of the low income housing tax credit program as a reward to certain program applicants that the applicant, except for an application participating under the at-risk set-aside, agrees to locate the development in a transit-supported area. The bill specifies a transit-supported area as being, if in a rural area, a location served by on-demand public transportation, and, if in an urban area, as being within one-half mile of an established transfer point for three or more existing bus lines operated under a local transit authority, a park and ride facility that is in operation or for which construction has commenced, or a stop on a commuter rail line that is in operation or for which construction on the rail line has commenced.
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EFFECTIVE DATE
September 1, 2013.
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COMPARISON OF ORIGINAL AND SUBSTITUTE
While C.S.H.B. 3757 may differ from the original in minor or nonsubstantive ways, the following comparison is organized and highlighted in a manner that indicates the substantial differences between the introduced and committee substitute versions of the bill.
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