86R7489 JG-F
By: Thompson of Harris, Rodriguez, Allen, H.B. No. 1839
Morales, Farrar, et al.
A BILL TO BE ENTITLED
AN ACT
relating to the allocation of housing tax credits to developments
within proximate geographical areas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2306.6711(f), Government Code, is
amended to read as follows:
(f) The board may allocate housing tax credits to more than
one development in a single community, as defined by department
rule, in the same calendar year only if the developments are or will
be located more than two linear miles apart or the governing body of
the municipality containing the development or, if located outside
a municipality, the county containing the development has by vote
specifically authorized the allocation of housing tax credits for
the development. This subsection applies only to communities
contained within counties with populations exceeding one million.
SECTION 2. The changes in law made by this Act apply only to
an application for low income housing tax credits that is submitted
to the Texas Department of Housing and Community Affairs during an
application cycle that is based on the 2020 qualified allocation
plan or a subsequent plan adopted by the governing board of the
department. An application that is submitted during an application
cycle that is based on an earlier qualified allocation plan is
governed by the law in effect on the date the application cycle
began, and the former law is continued in effect for that purpose.
SECTION 3. This Act takes effect September 1, 2019.