Bill Summary – FastDemocracy

   
      88(R) HB 2476 - Engrossed version - Bill Text
      
		By:  Garcia, Shine, Lopez of Bexar, Thierry,
            H.B.  No.  2476
         
		        Morales Shaw, et al.
         
               A BILL TO BE ENTITLED
            
               AN ACT
            
            relating to the adoption of a veterans' land bank program by the 
         
            Texas State Affordable Housing Corporation.
         
                          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         
                          SECTION  1.    Section 2306.566(c), Government Code, is amended 
         
            to read as follows:
         
                          (c)    The corporation's plan must include:
         
                                      (1)    specific proposals to help serve rural and other 
         
            underserved areas of the state; and
         
                                      (2)    the veterans' land bank plan developed under 
         
            Section 2306.5622.
         
                          SECTION  2.    Subchapter Y, Chapter 2306, Government Code, is 
         
            amended by adding Section 2306.5622 to read as follows:
         
                          Sec.  2306.5622.    VETERANS' LAND BANK PROGRAM.  (a)  In this 
         
            section:
         
                                      (1)    "Affordable" means that the monthly mortgage 
         
            payment or contract rent does not exceed 30 percent of the 
         
            applicable median family income for that housing unit size, in 
         
            accordance with the income and rent limit rules adopted by the 
         
            department.
         
                                      (2)    "Low-income household" means a household with an 
         
            income of not greater than 80 percent of the area median family 
         
            income, based on gross household income, adjusted for household 
         
            size, for a municipality or, if located in an area that is not part 
         
            of a municipality, a county, as determined annually by the United 
         
            States Department of Housing and Urban Development.
         
                                      (3)    "Veteran"  has the meaning provided by Section 
         
            161.001, Natural Resources Code.
         
                                      (4)    "Veterans'  land bank plan" or "plan" means a plan 
         
            adopted by the corporation as provided by Subsection (f).
         
                                      (5)    "Veterans'  land bank program" or "program" means a 
         
            program adopted under Subsection (c).
         
                          (b)    This section controls to the extent of any conflict 
         
            between this section and another provision of this chapter.
         
                          (c)    The corporation shall establish a veterans'  land bank 
         
            program for the purpose of acquiring, holding, and transferring 
         
            real property under this section to provide affordable housing for 
         
            veterans who are members of low-income households.
         
                          (d)    Property held by the corporation under the program may 
         
            include:
         
                                      (1)    property acquired in the manner provided by 
         
            Subsection (g); and
         
                                      (2)    other property acquired by or transferred to the 
         
            corporation.
         
                          (e)    A sale or other transfer of property for use in 
         
            connection with the program is a sale for a public purpose.
         
                          (f)    The corporation shall operate the program in 
         
            conformance with a veterans'  land bank plan.   The corporation shall 
         
            adopt a plan annually.  The plan may be amended from time to time.   
         
            In developing the plan, the corporation shall consider any other 
         
            housing plans adopted by a municipality or county in which the 
         
            corporation intends to implement the program.
         
                          (g)    Property that is ordered sold pursuant to foreclosure of 
         
            a tax lien may be sold to the corporation for the purpose of the 
         
            program in the manner provided by Section 34.01, Tax Code.
         
                          (h)    Notwithstanding any other law, if consent is given by 
         
            the taxing units that are a party to the judgment, property may be 
         
            sold to the corporation for the program for less than the market 
         
            value of the property as specified in the judgment or less than the 
         
            total of all taxes, penalties, and interest, plus the value of 
         
            nontax liens held by a taxing unit and awarded by the judgment, 
         
            court costs, and the cost of the sale.
         
                          (i)    The deed of conveyance of the property sold to the 
         
            corporation under Subsection (g) conveys to the corporation the 
         
            right, title, and interest acquired or held by each taxing unit that 
         
            Statutes affected: 
Introduced: Government Code 2306.566, Tax Code 11.18 (Government Code 2306, Tax Code 11)
House Committee Report: Government Code 2306.566, Tax Code 11.18 (Government Code 2306, Tax Code 11)
Engrossed: Government Code 2306.566, Tax Code 11.18 (Government Code 2306, Tax Code 11)



	By: Garcia, Shine, Lopez of Bexar, Thierry,	H.B. No. 2476
	Morales Shaw, et al.


	A BILL TO BE ENTITLED
	AN ACT
	relating to the adoption of a veterans' land bank program by the
	Texas State Affordable Housing Corporation.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 2306.566(c), Government Code, is amended
	to read as follows:
	(c) The corporation's plan must include:
	(1) specific proposals to help serve rural and other
	underserved areas of the state; and
	(2) the veterans' land bank plan developed under
	Section 2306.5622.
	SECTION 2. Subchapter Y, Chapter 2306, Government Code, is
	amended by adding Section 2306.5622 to read as follows:
	Sec. 2306.5622. VETERANS' LAND BANK PROGRAM. (a) In this
	section:
	(1) "Affordable" means that the monthly mortgage
	payment or contract rent does not exceed 30 percent of the
	applicable median family income for that housing unit size, in
	accordance with the income and rent limit rules adopted by the
	department.
	(2) "Low-income household" means a household with an
	income of not greater than 80 percent of the area median family
	income, based on gross household income, adjusted for household
	size, for a municipality or, if located in an area that is not part
	of a municipality, a county, as determined annually by the United
	States Department of Housing and Urban Development.
	(3) "Veteran" has the meaning provided by Section
	161.001, Natural Resources Code.
	(4) "Veterans' land bank plan" or "plan" means a plan
	adopted by the corporation as provided by Subsection (f).
	(5) "Veterans' land bank program" or "program" means a
	program adopted under Subsection (c).
	(b) This section controls to the extent of any conflict
	between this section and another provision of this chapter.
	(c) The corporation shall establish a veterans' land bank
	program for the purpose of acquiring, holding, and transferring
	real property under this section to provide affordable housing for
	veterans who are members of low-income households.
	(d) Property held by the corporation under the program may
	include:
	(1) property acquired in the manner provided by
	Subsection (g); and
	(2) other property acquired by or transferred to the
	corporation.
	(e) A sale or other transfer of property for use in
	connection with the program is a sale for a public purpose.
	(f) The corporation shall operate the program in
	conformance with a veterans' land bank plan. The corporation shall
	adopt a plan annually. The plan may be amended from time to time.
	In developing the plan, the corporation shall consider any other
	housing plans adopted by a municipality or county in which the
	corporation intends to implement the program.
	(g) Property that is ordered sold pursuant to foreclosure of
	a tax lien may be sold to the corporation for the purpose of the
	program in the manner provided by Section 34.01, Tax Code.
	(h) Notwithstanding any other law, if consent is given by
	the taxing units that are a party to the judgment, property may be
	sold to the corporation for the program for less than the market
	value of the property as specified in the judgment or less than the
	total of all taxes, penalties, and interest, plus the value of
	nontax liens held by a taxing unit and awarded by the judgment,
	court costs, and the cost of the sale.
	(i) The deed of conveyance of the property sold to the
	corporation under Subsection (g) conveys to the corporation the
	right, title, and interest acquired or held by each taxing unit that
	Statutes affected: Introduced: Government Code 2306.566, Tax Code 11.18 (Government Code 2306, Tax Code 11) House Committee Report: Government Code 2306.566, Tax Code 11.18 (Government Code 2306, Tax Code 11) Engrossed: Government Code 2306.566, Tax Code 11.18 (Government Code 2306, Tax Code 11)