Texas Senate Bill SB990

Texas 2009 - 81st Regular

Caption

Relating to the establishment of the rural housing land assemblage program.

Impact

The bill introduces several significant changes to state laws regarding housing and land use. It permits the formation of entities dedicated to the rural housing land assemblage, which can purchase properties under specific conditions, such as properties in tax foreclosure. Moreover, properties held by these assemblage entities are eligible for exemptions from ad valorem taxation for up to three years, with the possibility of renewal, which could incentivize local governments to participate and invest in affordable housing solutions.

Summary

SB990, known as the Rural Housing Land Assemblage Program Act, establishes a framework for creating affordable housing in rural areas by allowing rural counties and municipalities to form a rural housing land assemblage program. This bill aims to address the challenges of housing affordability faced by low-income households in these regions. By enabling these local governments to collaborate and pool resources, the bill is designed to facilitate the acquisition, management, and transfer of real property for housing purposes, specifically targeting low-income populations.

Contention

Despite its goals, SB990 has sparked some debate among stakeholders. Supporters argue that it will help alleviate housing shortages in rural areas and provide essential housing for low-income families. However, critics have raised concerns about the potential for misuse or mismanagement of public funds and properties. The efficacy of interlocal agreements and the monitoring of assemblage entities have also been points of contention, as they raise questions about accountability and proper oversight in the allocation and resale of the acquired properties.