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A BILL TO BE ENTITLED
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AN ACT
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relating to the award of certain financial assistance administered |
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by the Texas Department of Housing and Community Affairs. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter F, Chapter 2306, Government Code, is |
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amended by adding Section 2306.11141 to read as follows: |
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Sec. 2306.11141. PROMPT REVIEW OF CERTAIN APPLICATIONS; |
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TECHNICAL ASSISTANCE. To enable an applicant to complete in a |
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prompt and compliant manner an environmental review required for an |
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award of financial assistance under the terms of the federal HOME |
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Investment Partnerships Program established under Title II of the |
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Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. |
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Section 12701 et seq.), the department shall: |
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(1) not later than the 90th day after the date of |
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receipt of the application, review any substantially complete |
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application for that assistance; and |
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(2) provide to the applicant any necessary technical |
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assistance. |
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SECTION 2. Subchapter J, Chapter 2306, Government Code, is |
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amended by adding Section 2306.233 to read as follows: |
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Sec. 2306.233. PREDEVELOPMENT LOANS. (a) Provided the |
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activity is identified by the department as a planned activity in |
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the consolidated plan, the department may issue to a community |
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housing development organization certified by the department a |
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project-specific predevelopment loan to facilitate an activity |
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necessary to develop a project that, if considered feasible, will |
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receive an award of financial assistance under the terms of the |
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federal HOME Investment Partnerships Program established under |
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Title II of the Cranston-Gonzalez National Affordable Housing Act |
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(42 U.S.C. Section 12701 et seq.). |
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(b) A predevelopment loan issued under this section may not |
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be used to pay: |
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(1) project costs that exceed customary and reasonable |
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project preparation costs; or |
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(2) administrative expenses of a community housing |
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development organization. |
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SECTION 3. This Act takes effect September 1, 2015. |