By: Guillen H.B. No. 3608
A BILL TO BE ENTITLED
AN ACT
relating to predevelopment grants provided to community housing
development organizations and notice given regarding the
completion of an environmental review by the Texas Department of
Housing and Community Affairs.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter J, Chapter 2306, Government Code, is
amended by adding Section 2306.233 to read as follows:
Sec. 2306.233. PREDEVELOPMENT GRANTS. (a) The department
may issue to a non-profit community housing development
organization certified by the department a project-specific
predevelopment loan to facilitate the development of 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.
Sectio
n 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 2. Subchapter F, Chapter 2306, Government Code, is
amended by adding Section 2306.11141 to read as follows:
Sec. 2306.11141. NOTICE OF COMPLETION OF ENVIRONMENTAL
REVIEW. Not later than the 90th day after the date of completion of
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 provide notice of the
completion and results of that review to the applicant for the
financial assistance and provide technical assistance to the
applicant, as may be necessary, to satisfy any deficiency as may be
noted during the review process.
SECTION 3. This Act takes effect September 1, 2015.