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Relating to the allocation of low income housing tax credits.
No fiscal implication to the State is anticipated.
HB 1853 would require the board of the Texas Department of Housing and Community Affairs to biennially adjust for inflation
any amount specified in the qualified allocation plan relating to
the acceptable cost of a development by square foot. The board would use 2021 as the base year for the adjustment. In making the adjustment, the
board would consider the Consumer Price Index for All Urban
Consumers, or its successor in function.
Texas Action is neutral toward HB 1853.