87R8520 JG-D     By: Shaheen H.B. No. 2328       A BILL TO BE ENTITLED   AN ACT   relating to the system by which an application for low income   housing tax credits is scored and the amount of low income housing   tax credits awarded during an application cycle.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 2306.67022, Government Code, is amended   to read as follows:          Sec. 2306.67022.  QUALIFIED ALLOCATION PLAN; MANUAL. (a)   At least biennially, the board shall adopt a qualified allocation   plan and a corresponding manual to provide information regarding   the administration of and eligibility for the low income housing   tax credit program. The board may adopt the plan and manual   annually, as considered appropriate by the board.          (b)  The department may require as part of the threshold   criteria under a qualified allocation plan that a proposed   development satisfy certain criteria relating to educational   quality, as specified by the department in that plan.           (c)  The department may not adopt a qualified allocation plan   that uses a scoring system that awards points to an application   based on criteria relating to the educational quality applicable to   a proposed development site.           SECTION 2.  Section 2306.6711(b), Government Code, is   amended to read as follows:          (b)  Not later than the deadline specified in the qualified   allocation plan, the board shall issue commitments for available   housing tax credits based on the application evaluation process   provided by Section 2306.6710. The board may not allocate to an   applicant housing tax credits in any unnecessary amount, as   determined by the department's underwriting policy and by federal   law, and in any event may not allocate to the applicant housing tax   credits in an amount greater than $4 [$3] million in a single   application round or to an individual development more than $2   million in a single application round.          SECTION 3.  Section 2306.1112, Government Code, is repealed.          SECTION 4.  The change in law made by this Act applies only   to an application for low income housing tax credits that is   submitted to the Texas Department of Housing and Community Affairs   during an application cycle that is based on the 2022 qualified   allocation plan or a subsequent plan adopted by the governing board   of the department. An application that is submitted during an   application cycle that is based on an earlier qualified allocation   plan is governed by the law in effect on the date the application   cycle began, and the former law is continued in effect for that   purpose.          SECTION 5.  This Act takes effect September 1, 2021.