87R5906 JG-D     By: Rodriguez H.B. No. 1295       A BILL TO BE ENTITLED   AN ACT   relating to the allocation of housing tax credits to developments   within proximate geographical areas.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 2306.6711, Government Code, is amended   by amending Subsection (f) and adding Subsection (f-2) to read as   follows:          (f)  Except as provided by Subsections [Subsection] (f-1)   and (f-2), the board may allocate housing tax credits to more than   one development in a single community, as defined by department   rule, in the same calendar year only if the developments are or will   be located more than two linear miles apart. This subsection   applies only to communities contained within counties with   populations exceeding one million.          (f-2)  The board may allocate housing tax credits to more   than one development in a single community only if:                (1)  at least one of the developments will be located   wholly within a census tract in which the median value of   owner-occupied homes has increased by 15 percent or more within the   five years preceding the date of the application;                (2)  the governing body of the municipality containing   the development or, if located outside a municipality, the county   containing the development adopts a resolution that references this   section and authorizes an allocation of housing tax credits for the   development; and                (3)  the applicant for the development includes in the   application a copy of the resolution described by Subdivision (2).           SECTION 2.  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 3.  This Act takes effect September 1, 2021.