Bill
SB 1804
84(R) - 2015
Senate Intergovernmental Relations
Senate Intergovernmental Relations
Companion Bill
HB 2926
Vote Recommendation
No
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Negative
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Neutral
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Negative
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Neutral
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Negative
Author(s)
Juan "Chuy" Hinojosa
Bill Caption
Relating to low income housing tax credits awarded for at-risk developments.
Fiscal Notes
Based on the analysis of the Department of Housing and Community
Affairs, duties and responsibilities associated with implementing the provisions of the bill could
be accomplished by utilizing existing resources.
Bill Analysis
SB 1804 seeks to include a development that proposes to rehabilitate or reconstruct housing units
that receive assistance or will receive assistance through the Rental Assistance Demonstration
program administered by the United States Department of Housing and Urban Development
(HUD) as specified by the Consolidated and Further Continuing Appropriations Act of 2012
(Pub. L. No. 112-55) to the definition of "at-risk development", if the application for assistance through
the Rental Assistance Demonstration program is included in the applicable public housing
authority's annual plan that was most recently approved by HUD as specified by 24 C.F.R.
Section 903.23, and the applicant certifies in writing that the application for assistance through
the Rental Assistance Demonstration program is consistent with that authority's obligation to
affirmatively further fair housing.
Vote Recommendation Notes
SB 1804 would include the Rental Assistance Demonstration (RAD) program, which helps provide funding for property improvements, to the list of programs eligible for at-risk set aside federal tax credits. As such this bill would expand the pool of projects eligible for the tax credits which would drive up competition for those credits, expand the number of subsidized projects, and thus continue to perpetuate that bad policy of subsidized housing which distorts free markets, confers special privileges, and reduces personal responsibility. On these grounds we oppose SB 1804.