Texas SB2910 amends the evaluation criteria for low income housing tax credit applications.

Texas SB2910 amends the evaluation criteria for applications for low income housing tax credits. The bill modifies the scoring system to prioritize financial feasibility, community participation, and other factors. It imposes penalties on applicants who have requested extensions of deadlines or were removed for failing to meet obligations. The bill also encourages providing free notary services and preferences for leasing to low income veterans in certain areas. The changes apply to applications submitted from the 2026 qualified allocation plan onwards.

Texas SB2910 amends the evaluation criteria for low income housing tax credit applications.

Texas SB2910 amends the evaluation criteria for applications for low income housing tax credits. The bill modifies the scoring system to prioritize financial feasibility, community participation, and other factors. It imposes penalties on applicants who have requested extensions of deadlines or were removed for failing to meet obligations. The bill also encourages providing free notary services and preferences for leasing to low income veterans in certain areas. The changes apply to applications submitted from the 2026 qualified allocation plan onwards.