BILL ANALYSIS

 

 

 

H.B. 1839

By: Thompson, Senfronia

Urban Affairs

Committee Report (Unamended)

 

 

 

BACKGROUND AND PURPOSE

 

The City of Houston has received federal funds for housing disaster recovery resulting from Hurricane Harvey to be invested by a certain deadline. Concerns have been raised that a statutory change is needed relating to the allocation of housing tax credits so the city isn't required to stagger developments over a longer period of time which would risk missing the deadline and lead to the possible retraction of federal funds. H.B. 1839 seeks to address this issue by adding a certain condition under which the governing board of the Texas Department of Housing and Community Affairs may in the same calendar year allocate housing tax credits to more than one development in certain communities.

 

CRIMINAL JUSTICE IMPACT

 

It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.

 

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.

 

ANALYSIS

 

H.B. 1839 amends the Government Code to add as a condition under which the governing board of the Texas Department of Housing and Community Affairs (TDHCA) may in the same calendar year allocate housing tax credits under the low income housing tax credit program to more than one development in a single community contained within counties with populations exceeding one million that the governing body of the municipality or county containing the development, as applicable, specifically authorize by vote the allocation of housing tax credits for the development. The bill applies only to an application for low income housing tax credits that is submitted to the TDHCA during an application cycle that is based on the 2020 qualified allocation plan or a subsequent plan adopted by the TDHCA governing board.

 

EFFECTIVE DATE

 

September 1, 2019.