| 1 | 1 | | 84R23900 JAM-D |
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| 2 | 2 | | By: Guillen H.B. No. 3608 |
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| 3 | 3 | | Substitute the following for H.B. No. 3608: |
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| 4 | 4 | | By: Elkins C.S.H.B. No. 3608 |
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| 5 | 5 | | |
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| 6 | 6 | | |
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| 7 | 7 | | A BILL TO BE ENTITLED |
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| 8 | 8 | | AN ACT |
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| 9 | 9 | | relating to the award of certain financial assistance administered |
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| 10 | 10 | | by the Texas Department of Housing and Community Affairs. |
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| 11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Subchapter F, Chapter 2306, Government Code, is |
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| 13 | 13 | | amended by adding Section 2306.11141 to read as follows: |
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| 14 | 14 | | Sec. 2306.11141. PROMPT REVIEW OF CERTAIN APPLICATIONS; |
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| 15 | 15 | | TECHNICAL ASSISTANCE. To enable an applicant to complete in a |
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| 16 | 16 | | prompt and compliant manner an environmental review required for an |
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| 17 | 17 | | award of financial assistance under the terms of the federal HOME |
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| 18 | 18 | | Investment Partnerships Program established under Title II of the |
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| 19 | 19 | | Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. |
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| 20 | 20 | | Section 12701 et seq.), the department shall: |
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| 21 | 21 | | (1) not later than the 90th day after the date of |
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| 22 | 22 | | receipt of the application, review any substantially complete |
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| 23 | 23 | | application for that assistance; and |
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| 24 | 24 | | (2) provide to the applicant any necessary technical |
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| 25 | 25 | | assistance. |
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| 26 | 26 | | SECTION 2. Subchapter J, Chapter 2306, Government Code, is |
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| 27 | 27 | | amended by adding Section 2306.233 to read as follows: |
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| 28 | 28 | | Sec. 2306.233. PREDEVELOPMENT LOANS. (a) Provided the |
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| 29 | 29 | | activity is identified by the department as a planned activity in |
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| 30 | 30 | | the consolidated plan, the department may issue to a community |
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| 31 | 31 | | housing development organization certified by the department a |
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| 32 | 32 | | project-specific predevelopment loan to facilitate an activity |
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| 33 | 33 | | necessary to develop a project that, if considered feasible, will |
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| 34 | 34 | | receive an award of financial assistance under the terms of the |
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| 35 | 35 | | federal HOME Investment Partnerships Program established under |
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| 36 | 36 | | Title II of the Cranston-Gonzalez National Affordable Housing Act |
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| 37 | 37 | | (42 U.S.C. Section 12701 et seq.). |
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| 38 | 38 | | (b) A predevelopment loan issued under this section may not |
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| 39 | 39 | | be used to pay: |
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| 40 | 40 | | (1) project costs that exceed customary and reasonable |
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| 41 | 41 | | project preparation costs; or |
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| 42 | 42 | | (2) administrative expenses of a community housing |
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| 43 | 43 | | development organization. |
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| 44 | 44 | | SECTION 3. This Act takes effect September 1, 2015. |
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