HB 1029

83(R) - 2013
Housing & Urban Affairs

Vote Recommendation

Vote Yes; Amend
  • Neutral
  • Neutral
  • Neutral
  • Positive
  • Neutral


Greg Bonnen

Bill Caption

Relating to a home loan program operated by the Texas State Affordable Housing Corporation.

Fiscal Notes

No fiscal implication to the State is anticipated. No fiscal implication to units of local government is anticipated

Bill Analysis

Summary of Legislation: Previous Legislatures have created special programs to allow members of certain professions to more easily obtain the credit necessary to purchase a home. These programs included the Professional Educators Home Loan Program and the Fire Fighter, Law Enforcement or Security Officer, and Emergency Medical Services Personnel Home Loan Program, respectively. The Texas State Affordable Housing Corporation is responsible for the administration and operation of the home loan programs. H.B. 1029 would extend the programs indefinitely and combine them into one new program called the Homes for Texas Heroes home loan program. The bill defines the term "professional educators" and sets criteria which such educators must meet in order to participate in the program.

Notes: We are in favor of eliminating duplicative programs through consolidation, which HB 1029 does. However, this bill eliminates the program expiration, allowing it to continue indefinitely. We recommend legislators support HB 1029 but amend to make it subject to Sunset review.