| 1 | 1 | | By: Farrar H.B. No. 3757 |
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| 2 | 2 | | Substitute the following for H.B. No. 3757: |
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| 3 | 3 | | By: Dutton C.S.H.B. No. 3757 |
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| 4 | 4 | | |
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| 5 | 5 | | |
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| 6 | 6 | | A BILL TO BE ENTITLED |
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| 7 | 7 | | AN ACT |
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| 8 | 8 | | relating to the system by which an application for a low income |
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| 9 | 9 | | housing tax credit is scored. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Sec. 2306.6710(b) of the Government Code is |
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| 12 | 12 | | amended as follows: |
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| 13 | 13 | | (b) If an application satisfies the threshold criteria, the |
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| 14 | 14 | | department shall score and rank the application using a point |
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| 15 | 15 | | sys |
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| 16 | 16 | | tem that: |
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| 17 | 17 | | (1) prioritizes in descending order criteria regarding: |
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| 18 | 18 | | (A) financial feasibility of the development based on the |
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| 19 | 19 | | supporting financial data required in the application that will |
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| 20 | 20 | | include a project underwriting pro forma from the permanent or |
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| 21 | 21 | | construction lender; |
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| 22 | 22 | | (B) quantifiable community participation with respect to |
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| 23 | 23 | | the development, evaluated on the basis of written statements from |
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| 24 | 24 | | any neighborhood organizations on record with the state or county |
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| 25 | 25 | | in which the development is to be located and whose boundaries |
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| 26 | 26 | | contain the proposed development site; |
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| 27 | 27 | | (C) the income levels of tenants of the development; |
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| 28 | 28 | | (D) the size and quality of the units; |
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| 29 | 29 | | (E) the commitment of development funding by local |
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| 30 | 30 | | political subdivisions; |
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| 31 | 31 | | (F) the level of community support for the application, |
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| 32 | 32 | | evaluated on the basis of written statements from the state |
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| 33 | 33 | | representative or the state senator that represents the district |
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| 34 | 34 | | containing the proposed development site; |
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| 35 | 35 | | (G) the rent levels of the units; |
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| 36 | 36 | | (H) the cost of the development by square foot; |
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| 37 | 37 | | (I) the services to be provided to tenants of the |
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| 38 | 38 | | development; and |
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| 39 | 39 | | (J) whether, at the time the complete application is |
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| 40 | 40 | | submitted or at any time within the two-year period preceding the |
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| 41 | 41 | | date of submission, the proposed development site is located in an |
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| 42 | 42 | | area declared to be a disaster under Section 418.014; |
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| 43 | 43 | | (K) in a county with a population of 4.1 million or more, |
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| 44 | 44 | | whether the development will be located in a high opportunity area, |
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| 45 | 45 | | where the opportunity index of an area is determined by considering |
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| 46 | 46 | | walking access from the development to rail transit or a transit |
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| 47 | 47 | | center, walking access from the development to an employment |
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| 48 | 48 | | center, or the income level of the census tract. The department |
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| 49 | 49 | | shall consider each of these criteria at the same level or priority; |
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| 50 | 50 | | SECTION 2. This Act takes effect September 1, 2013. |
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