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89(R) SB 2549 - Senate Committee Report version - Bill Text
By: West, Gutierrez
S.B. No. 2549
(In the Senate - Filed March 13, 2025; April 3, 2025, read
first time and referred to Committee on Local Government;
May 9, 2025, reported adversely, with favorable Committee
Substitute by the following vote: Yeas 6, Nays 1; May 9, 2025, sent
to printer.)
COMMITTEE SUBSTITUTE FOR S.B. No. 2549
By: Cook
A BILL TO BE ENTITLED
AN ACT
relating to the allocation of housing tax credits to developments
within proximate geographical areas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2306.6711(f), Government Code, is
amended to read as follows:
(f) Except as provided by Subsection (f-1), the board may
allocate housing tax credits to more than one development in a
single community, as defined by department rule, in the same
calendar year only if the developments are or will be located more
than two linear miles apart. This subsection
:
(1)
applies only to communities contained within
counties with populations exceeding one million
; and
(2)
does not apply to the allocation of housing tax
credits to a development for the rehabilitation of existing
affordable, rent-restricted units
.
SECTION 2. The change in law made by this Act applies only
to an application for low income housing tax credits that is
submitted to the Texas Department of Housing and Community Affairs
during an application cycle that is based on the 2026 qualified
allocation plan or a subsequent plan adopted by the governing board
of the department. An application that is submitted during an
application cycle that is based on an earlier qualified allocation
plan is governed by the law in effect on the date the application
cycle began, and the former law is continued in effect for that
purpose.
SECTION 3. This Act takes effect September 1, 2025.
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