Texas House Bill HB2660

Texas 2011 - 82nd Regular

• Out of House Committee: 4/27/11
• Introduced: 3/9/11
• Voted on by House: 5/11/11
• Refer: 3/16/11
• Report Pass: 4/20/11
• Engrossed: 5/11/11
• Refer: 5/11/11

Caption

Relating to the functions of the Texas Department of Housing and Community Affairs and transferring certain department functions to the Texas State Affordable Housing Corporation.

Impact

If enacted, HB2660 would streamline operations by centralizing responsibilities related to mortgage financing under the Texas State Affordable Housing Corporation. This shift is expected to increase efficiency in how home loans are administered, particularly for frontline workers who often struggle with housing costs. The dedication of a larger portion of the state ceiling to the corporation suggests that there will be more financial backing available for sustaining and expanding home loan programs.

Summary

House Bill 2660 aims to transfer certain functions from the Texas Department of Housing and Community Affairs to the Texas State Affordable Housing Corporation. This bill focuses on the allocation of the state ceiling for qualified mortgage bonds and emphasizes providing greater resources to the Texas State Affordable Housing Corporation to enhance its ability to issue bonds for home loan programs. Key sectors affected include programs for educators, emergency medical personnel, and other service professionals, which could significantly influence housing affordability and access for these groups in Texas.

Contention

Discussions around the bill might highlight concerns about the effectiveness of the Texas State Affordable Housing Corporation in comparison to the existing framework of the Department of Housing and Community Affairs. Critics may question whether the transition will lead to improved outcomes in housing access or whether it risks undue concentration of authority. Additionally, the bill’s amendments involve reallocating percentages of the mortgage bond allocations, which could spark debates among different stakeholders about the priorities for housing finance in the state.