By: Rodriguez H.B. No. 3254
A BILL TO BE ENTITLED
AN ACT
relating to low income housing tax credits awarded to supportive
housing developments
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2306.6711, Government Code, is amended
by adding Subsection (d-5) to read as follows:
(d-5) In allocating low income housing tax credit
commitments under Subchapter DD, the department shall, before
applying the regional allocation formula prescribed by Section
2306.1115, set aside for supportive housing developments, as
defined by Section 2306.67141, not less than the minimum amount of
housing tax credits required under Section 2306.67141:
SECTION 2. Subchapter DD, Chapter 2306, Government Code, is
amended by adding Section 2306.67141 to read as follows:
Sec. 2306.67141. SUPPORTIVE HOUSING DEVELOPMENT SET-ASIDE.
(a) In this section "Supportive Housing Development" means a
residential rental development that is intended for occupancy by
households in need of specialized and specific non-medical services
in order to maintain independent living that:
(1) meets the definition of "supportive housing"
adopted by the department under the qualified allocation plan; and
(2) meets the criteria for supportive housing eligible
for the low income housing tax credit program as determined by the
department.
(b) The department shall set aside for eligible supportive
housing developments not less than 5 percent of the housing tax
credits available for allocation in the calendar year.
(c) The department may not allocate to an individual
development more than $1 million in a single application round.
(d) Any amount of housing tax credits set aside under this
section that remains after the initial allocation of housing tax
credits is available for allocation to any eligible applicant as
provided by the
qualified allocation plan.
SECTION 3. The changes in law made by this Act apply only to
an application for low income housing tax credits that is submitted
on or after the effective date of this Act. An application for low
income housing tax credits that is submitted before the effective
date of this Act is governed by the law in effect when the
application was submitted, and the former law is continued in
effect for that purpose.
SECTION 4. This Act takes effect September 1, 2019.