Relating to the evaluation of an application for a low income housing tax credit.
The bill specifically alters Section 2306.6704 of the Texas Government Code to require written statements of support from local elected officials, including the state senator and representative of the development's district. As a result, this improves accountability among applicants and ensures that developments are aligned with the needs and priorities of the community impacted by the proposed projects. Such changes are expected to influence the dynamics between housing developers and local governments, establishing clearer communication channels.
House Bill 2728 aims to enhance the evaluation process for applications seeking low income housing tax credits in Texas. The bill mandates applicants to demonstrate community engagement by notifying various local stakeholders, including neighborhood organizations, school district representatives, and local government officials, about their application. This approach is intended to foster transparency and encourage local input on housing developments, reflecting a growing recognition of the importance of community involvement in such projects.
One notable point of contention surrounding HB2728 is the potential pushback from developers who might view the additional requirements as burdensome and an impediment to the expedient approval of housing projects. Critics may argue that these stipulations could slow down the housing development process, especially in areas where local government support is challenging to obtain. Proponents of the bill, however, contend that such measures are essential for community consent and to prevent developments that could be detrimental to local neighborhoods.