84R23900 JAM-D
By: Guillen H.B. No. 3608
Substitute the following for H.B. No. 3608:
By: Elkins C.S.H.B. No. 3608
A BILL TO BE ENTITLED
AN ACT
relating to the award of certain financial assistance administered
by the Texas Department of Housing and Community Affairs.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter F, Chapter 2306, Government Code, is
amended by adding Section 2306.11141 to read as follows:
Sec. 2306.11141. PROMPT REVIEW OF CERTAIN APPLICATIONS;
TECHNICAL ASSISTANCE. To enable an applicant to complete in a
prompt and compliant manner an environmental review required for an
award of financial assistance under the terms of the federal HOME
Investment Partnerships Program established under Title II of the
Cranston-Gonzalez National Affordable Housing Act (42 U.S.C.
Section 12701 et seq.), the department shall:
(1) not later than the 90th day after the date of
receipt of the application, review any substantially complete
application for that assistance; and
(2) provide to the applicant any necessary technical
assistance.
SECTION 2. Subchapter J, Chapter 2306, Government Code, is
amended by adding Section 2306.233 to read as follows:
Sec. 2306.233. PREDEVELOPMENT LOANS. (a) Provided the
activity is identified by the department as a planned activity in
the consolidated plan, the department may issue to a community
housing development organization certified by the department a
project-specific predevelopment loan to facilitate an activity
necessary to develop a project that, if considered feasible, will
receive an award of financial assistance under the terms of the
federal HOME Investment Partnerships Program established under
Title II of the Cranston-Gonzalez National Affordable Housing Act
(42 U.S.C. Section 12701 et seq.).
(b) A predevelopment loan issued under this section may not
be used to pay:
(1) project costs that exceed customary and reasonable
project preparation costs; or
(2) administrative expenses of a community housing
development organization.
SECTION 3. This Act takes effect September 1, 2015.