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TX HB627
Bill
Status
11/12/2024
Primary Sponsor
Philip Cortez
Click for details
AI Summary
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Limits the public hearing requirement for low income housing tax credit applications to counties with populations of 1.2 million or more and municipalities with populations of 600,000 or more, rather than all governing bodies
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Requires governing bodies to certify that applicants have provided "complete responses" to questions about proposed developments, strengthening the previous "a response" language
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Creates a 90-day automatic approval pathway for developments in large counties/municipalities if the governing body fails to hold a required hearing and either pass a resolution or officially object to the application
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Applies only to applications submitted during the 2026 qualified allocation plan cycle or later; earlier applications remain governed by existing law
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Takes effect September 1, 2025
Legislative Description
Relating to the requirements for applications for low income housing tax credits for certain developments financed through the private activity bond program.
County Government
Last Action
Postponed 6/6/25 10:00 AM
5/15/2025