89R3768 JG-F     By: Cortez H.B. No. 627       A BILL TO BE ENTITLED   AN ACT   relating to the requirements for applications for low income   housing tax credits for certain developments financed through the   private activity bond program.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 2306.67071, Government Code, is amended   by amending Subsections (b), (c), and (d) and adding Subsection (e)   to read as follows:          (b)  A county with a population of 1.2 million or more or a   municipality with a population of 600,000 or more, as applicable,   shall hold a hearing at which public comment may be made on the   application.          (c)  Except as provided by Subsection (e), the [The] board   may not approve an application for housing tax credits for   developments financed through the private activity bond program   unless the applicant has submitted to the department a certified   copy of a resolution from each applicable governing body described   by Subsection (a).  The resolution must certify that:                (1)  notice has been provided to each governing body as   required by Subsection (a);                (2)  each governing body has had sufficient opportunity   to obtain complete responses [a response] from the applicant   regarding any questions or concerns about the proposed development;                (3)  for a county or municipality described by   Subsection (b), the [each] governing body of the county or   municipality has held a hearing under that subsection [Subsection   (b)]; and                (4)  after due consideration of the information   provided by the applicant and public comment, the governing body   does not object to the proposed application.          (d)  Except as provided by Subsection (e), the [The]   department by rule may provide for the time and manner of the   submission to the department of a resolution required by Subsection   (c).          (e)  The board may approve an application for housing tax   credits for developments financed through the private activity bond   program that will be located in a county or municipality described   by Subsection (b) if, before the 90th day after the date on which   all applicable governing bodies received notice of the application   under Subsection (a), the governing body does not:                (1)  hold a hearing as required by Subsection (b); and                (2)  pass a resolution described by Subsection (c) or   otherwise object to the application through an official decree.          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 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.