1 | 1 | | 86R6825 JG-D |
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2 | 2 | | By: Rodriguez H.B. No. 2186 |
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3 | 3 | | |
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4 | 4 | | |
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5 | 5 | | A BILL TO BE ENTITLED |
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6 | 6 | | AN ACT |
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7 | 7 | | relating to the allocation of housing tax credits to developments |
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8 | 8 | | within proximate geographical areas. |
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9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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10 | 10 | | SECTION 1. Section 2306.6711(f), Government Code, is |
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11 | 11 | | amended to read as follows: |
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12 | 12 | | (f) The board may allocate housing tax credits to more than |
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13 | 13 | | one development in a single community, as defined by department |
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14 | 14 | | rule, in the same calendar year [only] if the developments are or |
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15 | 15 | | will be located more than two linear miles apart or the applicant |
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16 | 16 | | obtains prior approval of the development from the governing body |
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17 | 17 | | of the municipality containing the development or, if located |
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18 | 18 | | outside a municipality, the county containing the development. |
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19 | 19 | | This subsection does not prohibit the department from adopting |
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20 | 20 | | rules under this chapter for specific geographic areas of this |
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21 | 21 | | state [applies only to communities contained within counties with |
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22 | 22 | | populations exceeding one million]. |
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23 | 23 | | SECTION 2. The changes in law made by this Act apply only to |
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24 | 24 | | an application for low income housing tax credits that is submitted |
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25 | 25 | | to the Texas Department of Housing and Community Affairs during an |
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26 | 26 | | application cycle that is based on the 2020 qualified allocation |
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27 | 27 | | plan or a subsequent plan adopted by the governing board of the |
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28 | 28 | | department. An application that is submitted during an application |
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29 | 29 | | cycle that is based on an earlier qualified allocation plan is |
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30 | 30 | | governed by the law in effect on the date the application cycle |
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31 | 31 | | began, and the former law is continued in effect for that purpose. |
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32 | 32 | | SECTION 3. This Act takes effect September 1, 2019. |
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