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A BILL TO BE ENTITLED
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AN ACT
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relating to the system by which an application for a low income |
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housing tax credit is scored. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sec. 2306.6710(b) of the Government Code is |
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amended as follows: |
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(b) If an application satisfies the threshold criteria, the |
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department shall score and rank the application using a point |
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system that: |
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(1) prioritizes in descending order criteria regarding: |
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(A) financial feasibility of the development based on the |
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supporting financial data required in the application that will |
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include a project underwriting pro forma from the permanent or |
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construction lender; |
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(B) quantifiable community participation with respect to |
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the development, evaluated on the basis of written statements from |
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any neighborhood organizations on record with the state or county |
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in which the development is to be located and whose boundaries |
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contain the proposed development site; |
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(C) the income levels of tenants of the development; |
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(D) the size and quality of the units; |
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(E) the commitment of development funding by local |
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political subdivisions; |
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(F) the level of community support for the application, |
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evaluated on the basis of written statements from the state |
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representative or the state senator that represents the district |
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containing the proposed development site; |
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(G) the rent levels of the units; |
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(H) the cost of the development by square foot; |
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(I) t |
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he services to be provided to tenants of the |
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development; and |
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(J) whether, at the time the complete application is |
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submitted or at any time within the two-year period preceding the |
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date of submission, the proposed development site is located in an |
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area declared to be a disaster under Section 418.014; |
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(K) whether the development will be located in a high |
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opportunity area, where the opportunity index of an area is |
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determined by considering walking access from the development to |
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rail transit or a transit center, or the income level of the census |
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tract; |
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SECTION 2. This Act takes effect September 1, 2013. |