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A BILL TO BE ENTITLED
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AN ACT
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relating to predevelopment grants provided to community housing |
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development organizations and notice given regarding the |
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completion of an environmental review by the Texas Department of |
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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 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 GRANTS. (a) The department |
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may issue to a non-profit community housing development |
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organization certified by the department a project-specific |
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predevelopment loan to facilitate the development of a project |
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that, if considered feasible, will receive an award of financial |
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assistance under the terms of the federal HOME Investment |
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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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Sectio |
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n 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 2. 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. NOTICE OF COMPLETION OF ENVIRONMENTAL |
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REVIEW. Not later than the 90th day after the date of completion of |
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an environmental review required for an award of financial |
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assistance under the terms of the federal HOME Investment |
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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 provide notice of the |
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completion and results of that review to the applicant for the |
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financial assistance and provide technical assistance to the |
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applicant, as may be necessary, to satisfy any deficiency as may be |
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noted during the review process. |
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SECTION 3. This Act takes effect September 1, 2015. |