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TX HB293
Bill
Status
11/12/2024
Primary Sponsor
Valoree Swanson
Click for details
AI Summary
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Requires applicants for low income housing tax credits financed through private activity bonds to notify the state representative whose district contains the proposed development site before submitting an application to the Texas Department of Housing and Community Affairs
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Grants state representatives veto power over housing tax credit applications in their districts—the department board cannot approve an application if the representative submits a letter opposing the development
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Maintains existing notification requirements for municipal governing bodies and county commissioners courts based on whether the development site is within city limits, unincorporated areas, or extraterritorial jurisdiction
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Authorizes the department to establish rules for the timing and manner of submitting opposition letters from state representatives
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Applies to applications submitted during the 2026 qualified allocation plan cycle or later, with immediate effect if passed by two-thirds vote or otherwise taking effect September 1, 2025
Legislative Description
Relating to the requirements for applications for low income housing tax credits for developments financed through the private activity bond program.
Taxation
Last Action
Committee report sent to Calendars
5/21/2025