Bill

HB 2528

85(R) - 2017
House Urban Affairs
Read Bill & Check Bill Status
House Urban Affairs
Finance
Housing & Urban Affairs

Vote Recommendation

No
  • Negative
  • Neutral
  • Neutral
  • Negative
  • Neutral

Author(s)

Ryan Guillen

Bill Caption

Relating to predevelopment loans provided to community housing development organizations by the Texas Department of Housing and Community Affairs.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

Under current law, projects considered feasible can receive an award of financial assistance under the federal HOME Investment Partnerships Program. HB 2528 would authorize the state Department of Housing and Community Affairs to issue to a certified organization eligible for the aforementioned program a project-specific predevelopment loan to facilitate development. This loan would only be permitted for use in paying reasonable project preparation costs.

Vote Recommendation Notes

This creates a new taxpayer-backed government loan project which offends our limited government and free market principles. We oppose HB 2528.