Bill

HB 1402

86(R) - 2019
House International Relations & Economic Development
Senate Intergovernmental Relations
House International Relations & Economic Development
Senate Intergovernmental Relations

Contact the Author

Armando Walle

Phone:

512-463-0924

Capitol Office:

GW.18

Email:

Vote Recommendation

No
  • Negative
  • Neutral
  • Neutral
  • Negative
  • Neutral

Author(s)

Armando Walle
Morgan Meyer

Sponsor(s)

Eddie Lucio III

Bill Caption

Relating to the purposes of and income eligibility limits for participation in programs offered by the Texas State Affordable Housing Corporation.

Fiscal Notes

No fiscal implication to the State is anticipated.

Bill Analysis

HB 1402 would expand the Texas State Affordable Housing Corporation duties to promoting economic development opportunities. It would also include individuals and families of "moderate income" among individuals and families for whom it is part of the public purpose of the TSAHC to perform activities and services that will promote the public health, safety, and welfare. This would enable these individuals and families to become eligible for loans under the home loan program.

Vote Recommendation Notes

Texas Action recommends opposing HB 1402 because it expands the specific requirements for the Texas State Affordable Housing Corporation for single family loans and adds wasteful economic development policies to the corporation's public purpose. For these reasons, and because it would infringe on our limited government and free market principles, we oppose HB 1402.

Contact the Author

Armando Walle

Phone:

512-463-0924

Capitol Office:

GW.18

Email: