The bill, H.B. No. 627, amends Section 2306.67071 of the Government Code to establish new requirements for applications for low-income housing tax credits for developments financed through the private activity bond program. It specifies that counties with populations of 1.2 million or more and municipalities with populations of 600,000 or more must hold a public hearing for comments on the application. Additionally, the bill introduces a provision allowing the board to approve applications if the governing body does not hold a hearing or pass a resolution objecting to the application within 90 days of receiving notice.

Key changes include the insertion of language that clarifies the conditions under which the board may approve applications without a governing body's objection, as well as the requirement for governing bodies to provide complete responses to applicants regarding their proposals. The bill also stipulates that these changes will only apply to applications submitted during the 2026 qualified allocation plan cycle or later, with earlier applications governed by the previous law. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Government Code 2306.67071 (Government Code 2306)
House Committee Report: Government Code 2306.67071 (Government Code 2306)