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A BILL TO BE ENTITLED
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AN ACT
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relating to the allocation of housing tax credits to developments |
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within proximate geographical areas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2306.6711(f), Government Code, is |
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amended to read as follows: |
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(f) The board may allocate housing tax credits to more than |
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one development in a single community, as defined by department |
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rule, in the same calendar year only if the developments are or will |
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be located more than two linear miles apart or the governing body of |
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the municipality containing the development or, if located outside |
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a municipality, the county containing the development has by vote |
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specifically authorized the allocation of housing tax credits for |
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the development. This subsection applies only to communities |
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contained within counties with populations exceeding one million. |
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SECTION 2. The changes in law made by this Act apply only to |
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an application for low income housing tax credits that is submitted |
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to the Texas Department of Housing and Community Affairs during an |
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application cycle that is based on the 2020 qualified allocation |
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plan or a subsequent plan adopted by the governing board of the |
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department. An application that is submitted during an application |
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cycle that is based on an earlier qualified allocation plan is |
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governed by the law in effect on the date the application cycle |
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began, and the former law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2019. |