By: Blanco S.B. No. 898     A BILL TO BE ENTITLED   AN ACT   relating to the allocation of low income housing tax credits.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  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 $6 million in a single application   round or to an individual development more than $3 [$2] million in a   single application round.          SECTION 2.  Section 2306.6711(b), Government Code, as   amended 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 2026 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 3.  This Act takes effect September 1, 2025.