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Bill > HB4045


TX HB4045

TX HB4045
Relating to the allocation of low income housing tax credits.


summary

Introduced
03/07/2025
In Committee
04/28/2025
Crossed Over
Passed
Dead
06/02/2025

Introduced Session

89th Legislature Regular Session

Bill Summary

AN ACT relating to the allocation of low income housing tax credits.

AI Summary

This bill modifies how the Texas Department of Housing and Community Affairs (TDHCA) handles low income housing tax credit (LIHTC) applications when local government written statements are received. Specifically, the bill changes the scoring process by allowing points to be reallocated if a local government's written statement is neutral or does not express clear support or opposition to a housing tax credit application. Under the new provision, when no clear written statement is received or the statement is neutral, the maximum possible points from that scoring category will be transferred to another scoring category related to political subdivisions. When transferring these points, the department will award positive points for supportive resolutions, negative points for opposing resolutions, and zero points for neutral resolutions. The changes will only apply to LIHTC applications submitted during application cycles based on the 2026 qualified allocation plan or subsequent plans, ensuring that applications under earlier plans will be evaluated under the previous rules. The bill is set to take effect on September 1, 2025, providing time for stakeholders to prepare for the new scoring methodology.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Postponed 12/25/25 10:00 AM (on 05/14/2025)

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