H.B. No. 1472
AN ACT
relating to eligibility requirements under the owner-builder loan
program.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2306.753(b), Government Code, is amended
to read as follows:
(b) To be eligible for a loan under this subchapter, an
owner-builder:
(1) may not have an annual income that exceeds 80 [60]
percent, as determined by the department, of the greater of the
state or local median family income, when combined with the income
of any person who resides with the owner-builder;
(2) must have resided in this state for the preceding
six months;
(3) must have successfully completed an owner-builder
education class under Section 2306.756; and
(4) must agree to:
(A) provide through personal labor at least 65
percent of the labor necessary to build or rehabilitate the
proposed housing by working through a state-certified
owner-builder housing program;
(B) provide an amount of personal labor
equivalent to the amount required under Paragraph (A) in connection
with building or rehabilitating housing for others through a
state-certified owner-builder housing program;
(C) provide through the noncontract labor of
friends, family, or volunteers and through personal labor at least
65 percent of the labor necessary to build or rehabilitate the
proposed housing by working through a state-certified
owner-builder housing program; or
(D) if due to documented disability or other
limiting circumstances as defined by department rule the
owner-builder cannot provide the amount of personal labor otherwise
required by this subdivision, provide through the noncontract labor
of friends, family, or volunteers at least 65 percent of the labor
necessary to build or rehabilitate the proposed housing by working
through a state-certified owner-builder housing program.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2023.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 1472 was passed by the House on April
14, 2023, by the following vote: Yeas 98, Nays 45, 2 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 1472 was passed by the Senate on May
17, 2023, by the following vote: Yeas 22, Nays 9.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor