Texas 2023 - 88th Regular

Texas House Bill HB1472 Compare Versions

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11 H.B. No. 1472
22
33
44 AN ACT
55 relating to eligibility requirements under the owner-builder loan
66 program.
77 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
88 SECTION 1. Section 2306.753(b), Government Code, is amended
99 to read as follows:
1010 (b) To be eligible for a loan under this subchapter, an
1111 owner-builder:
1212 (1) may not have an annual income that exceeds 80 [60]
1313 percent, as determined by the department, of the greater of the
1414 state or local median family income, when combined with the income
1515 of any person who resides with the owner-builder;
1616 (2) must have resided in this state for the preceding
1717 six months;
1818 (3) must have successfully completed an owner-builder
1919 education class under Section 2306.756; and
2020 (4) must agree to:
2121 (A) provide through personal labor at least 65
2222 percent of the labor necessary to build or rehabilitate the
2323 proposed housing by working through a state-certified
2424 owner-builder housing program;
2525 (B) provide an amount of personal labor
2626 equivalent to the amount required under Paragraph (A) in connection
2727 with building or rehabilitating housing for others through a
2828 state-certified owner-builder housing program;
2929 (C) provide through the noncontract labor of
3030 friends, family, or volunteers and through personal labor at least
3131 65 percent of the labor necessary to build or rehabilitate the
3232 proposed housing by working through a state-certified
3333 owner-builder housing program; or
3434 (D) if due to documented disability or other
3535 limiting circumstances as defined by department rule the
3636 owner-builder cannot provide the amount of personal labor otherwise
3737 required by this subdivision, provide through the noncontract labor
3838 of friends, family, or volunteers at least 65 percent of the labor
3939 necessary to build or rehabilitate the proposed housing by working
4040 through a state-certified owner-builder housing program.
4141 SECTION 2. This Act takes effect immediately if it receives
4242 a vote of two-thirds of all the members elected to each house, as
4343 provided by Section 39, Article III, Texas Constitution. If this
4444 Act does not receive the vote necessary for immediate effect, this
4545 Act takes effect September 1, 2023.
4646 ______________________________ ______________________________
4747 President of the Senate Speaker of the House
4848 I certify that H.B. No. 1472 was passed by the House on April
4949 14, 2023, by the following vote: Yeas 98, Nays 45, 2 present, not
5050 voting.
5151 ______________________________
5252 Chief Clerk of the House
5353 I certify that H.B. No. 1472 was passed by the Senate on May
5454 17, 2023, by the following vote: Yeas 22, Nays 9.
5555 ______________________________
5656 Secretary of the Senate
5757 APPROVED: _____________________
5858 Date
5959 _____________________
6060 Governor