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.

The amendments also clarify the requirements for the submission of resolutions from governing bodies, ensuring that applicants provide complete responses to any questions or concerns raised. The changes will apply to applications submitted during the 2026 qualified allocation plan cycle or later, while applications from earlier cycles will continue to be governed by the previous law. The bill 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)