Relating to the allocation of low income housing tax credits.
Impact
The changes made by HB 1215 are intended to be applied to low income housing applications starting from the 2020 allocation cycle. This means that any applications submitted during this cycle will be evaluated under the new guidelines established by the bill. The bill’s emphasis on educational quality criteria suggests a focus on ensuring that low income housing developments are not only affordable but also conducive to the educational needs of residents, although the scoring aspect related to these criteria has been removed.
Summary
House Bill 1215 focuses on the allocation of low income housing tax credits in Texas. The bill amends the Government Code to introduce specific criteria that must be satisfied regarding educational quality in low income housing developments. However, it bars the Texas Department of Housing and Community Affairs from using a scoring system that awards points based on these educational quality criteria when evaluating applications for tax credits. This provision aims to streamline the allocation process while still considering the educational aspects of development sites.
Sentiment
The sentiment around HB 1215 appears to be mixed. Proponents of the bill may view it as a step forward in ensuring that low income housing is closely aligned with the educational requirements of communities. They may argue that by assessing educational quality, the state can better serve low income families. Conversely, critics might argue that barring the scoring system takes away a potentially beneficial metric that could enhance the housing application process, leaving questions about how effectively the educational quality will be integrated into the housing allocation framework without a formal scoring system.
Contention
One of the notable points of contention surrounding HB 1215 is the modification of the scoring system related to educational quality. Some advocates feel that such a scoring mechanism could have driven better outcomes in low income housing projects, while opponents may see it as an unnecessary complication. Additionally, the inclusion of educational criteria in the evaluation of housing tax credits raises concerns about how these criteria will be enforced and the extent of their impact on the overall effectiveness of low income housing initiatives in Texas.
Relating to the issuance by the Texas Department of Housing and Community Affairs of certain federal forms for purposes of allocating low income housing tax credits; authorizing an administrative penalty.
Relating to the issuance by the Texas Department of Housing and Community Affairs of certain federal forms for purposes of allocating low income housing tax credits; authorizing an administrative penalty.