Bill

SB 493

86(R) - 2019
Senate Intergovernmental Relations
Senate Intergovernmental Relations

Vote Recommendation

Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral

Author(s)

Carol Alvarado

Bill Caption

Relating to the allocation of housing tax credits to developments within proximate geographical areas.

Fiscal Notes

No fiscal implication to the State is anticipated.

Bill Analysis

SB 493 would allow the board for the Department of Housing and Community Affairs to allocate housing tax credits to more than one development in a community if: (1) the community is located in a county with a population of four million or more and an area that is a federally-declared disaster, and (2) the governing body of the municipality containing the development has by vote specifically authorized the allocation of housing tax credits for the development and is authorized to administer disaster recovery funds as a subgrant recipient. This would allow the board to bypass the current requirement that housing developments be located at least two linear miles apart.

Vote Recommendation Notes

Texas Action remains neutral on SB 493 because it does not affect our liberty principles. While we are generally opposed to housing tax credits, we understand that this bill would remove a technicality to ensure more efficient use of federal funds for housing disaster recovery resulting from Hurricane Harvey.