By: Farrar H.B. No. 3757
A BILL TO BE ENTITLED
AN ACT
relating to the system by which an application for a low income
housing tax credit is scored.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sec. 2306.6710(b) of the Government Code is
amended as follows:
(b) If an application satisfies the threshold criteria, the
department shall score and rank the application using a point
system that:
(1) prioritizes in descending order criteria regarding:
(A) financial feasibility of the development based on the
supporting financial data required in the application that will
include a project underwriting pro forma from the permanent or
construction lender;
(B) quantifiable community participation with respect to
the development, evaluated on the basis of written statements from
any neighborhood organizations on record with the state or county
in which the development is to be located and whose boundaries
contain the proposed development site;
(C) the income levels of tenants of the development;
(D) the size and quality of the units;
(E) the commitment of development funding by local
political subdivisions;
(F) the level of community support for the application,
evaluated on the basis of written statements from the state
representative or the state senator that represents the district
containing the proposed development site;
(G) the rent levels of the units;
(H) the cost of the development by square foot;
(I) t
he services to be provided to tenants of the
development; and
(J) whether, at the time the complete application is
submitted or at any time within the two-year period preceding the
date of submission, the proposed development site is located in an
area declared to be a disaster under Section 418.014;
(K) whether the development will be located in a high
opportunity area, where the opportunity index of an area is
determined by considering walking access from the development to
rail transit or a transit center, or the income level of the census
tract;
SECTION 2. This Act takes effect September 1, 2013.