Texas HB627 modifies the requirements for low income housing tax credits for developments financed through the private activity bond program.

Texas HB627 amends the Government Code to change the requirements for applications for low income housing tax credits for certain developments financed through the private activity bond program. The bill specifies that counties with a population of 1.2 million or more, or municipalities with a population of 600,000 or more, must hold a hearing on the application. The Texas Department of Housing and Community Affairs cannot approve an application unless the applicant submits a certified resolution from each applicable governing body.

Texas HB627 modifies the requirements for low income housing tax credits for developments financed through the private activity bond program.

Texas HB627 amends the Government Code to change the requirements for applications for low income housing tax credits for certain developments financed through the private activity bond program. The bill specifies that counties with a population of 1.2 million or more, or municipalities with a population of 600,000 or more, must hold a hearing on the application. The Texas Department of Housing and Community Affairs cannot approve an application unless the applicant submits a certified resolution from each applicable governing body.