| Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
|---|---|---|---|---|---|
| Neutral | Neutral | Neutral | Neutral | Neutral | Neutral |
No fiscal implication to the State is anticipated.
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.
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.