Sec. 2306.6725. SCORING OF APPLICATIONS.
Text of subsection as amended by Acts 2015, 84th Leg., R.S., Ch. 954 (S.B. 1316), Sec. 2
(a) In allocating low income housing tax credits, the department shall score each application using a point system based on criteria adopted by the department that are consistent with the department's housing goals, including criteria addressing the ability of the proposed project to:
(1) provide quality social support services to residents;
(2) demonstrate community and neighborhood support as defined by the qualified allocation plan;
(3) consistent with sound underwriting practices and when economically feasible, serve individuals and families of extremely low income by leveraging private and state and federal resources, including federal HOPE VI grants received through the United States Department of Housing and Urban Development;
(4) serve traditionally underserved areas;
(5) demonstrate support from local political subdivisions based on the subdivisions' commitment of development funding;
(6) rehabilitate or perform an adaptive reuse of a certified historic structure, as defined by Section 171.901(1), Tax Code, as part of the development;
(7) remain affordable to qualified tenants for an extended, economically feasible period; and
(8) comply with the accessibility standards that are required under Section 504, Rehabilitation Act of 1973 (29 U.S.C. Section 794), and specified under 24 C.F.R. Part 8, Subpart C.
Text of subsection as amended by Acts 2015, 84th Leg., R.S., Ch. 1111 (H.B. 3311), Sec. 3
(a) In allocating low income housing tax credits, the department shall score each application using a point system based on criteria adopted by the department that are consistent with the department's housing goals, including criteria addressing the ability of the proposed project to:
(1) provide quality social support services to residents;
(2) demonstrate community and neighborhood support as defined by the qualified allocation plan;
(3) consistent with sound underwriting practices and when economically feasible, serve individuals and families of extremely low income by leveraging private and state and federal resources, including federal HOPE VI grants received through the United States Department of Housing and Urban Development;
(4) serve traditionally underserved areas;
(5) demonstrate support from local political subdivisions based on the subdivisions' commitment of development funding;
(6) remain affordable to qualified tenants for an extended, economically feasible period; and
(7) comply with the accessibility standards that are required under Section 504, Rehabilitation Act of 1973 (29 U.S.C. Section 794), and specified under 24 C.F.R. Part 8, Subpart C.
(b) The department shall provide appropriate incentives as determined through the qualified allocation plan to reward applicants who agree to:
(1) equip the development that is the basis of the application with energy saving devices that meet the standards established by the state energy conservation office or provide to a qualified entity, in a land use restriction agreement in accordance with Section 2306.6726, a right of first refusal to purchase the development at the minimum price provided in, and in accordance with the requirements of, Section 42(i)(7), Internal Revenue Code of 1986 (26 U.S.C. Section 42(i)(7)); and
(2) locate the development in a census tract in which there are no other existing developments supported by housing tax credits.
(c) On awarding tax credit allocations, the board shall document the reasons for each project's selection, including an explanation of:
(1) all discretionary factors used in making its determination; and
(2) the reasons for any decision that conflicts with the recommendations of department staff under Section 2306.6731.
(d) For each scoring criterion, the department shall use a range of points to evaluate the degree to which a proposed project satisfies the criterion. The department may not award:
(1) a number of points for a scoring criterion that is disproportionate to the degree to which a proposed project complies with that criterion; or
(2) to a proposed project for the general population a number of points for a scoring criterion that is different than the number of points awarded for that criterion to a proposed project reserved for elderly persons if the proposed projects comply with the criterion to the same degree.
(e) In establishing for the 2016 and 2017 qualified allocation plans the scoring criterion related to the commitment of development funding by local political subdivisions, the department shall significantly reduce for each place regardless of population the amount in funding, per low income unit, that is required for a proposed project to receive the applicable number of points for that criterion. After the reduction, the amount of required funding may be a de minimis amount.
(f) Subsection (e) and this subsection expire September 1, 2019.
Added by Acts 1997, 75th Leg., ch. 980, Sec. 49, eff. Sept. 1, 1997. Renumbered from Sec. 2306.672 and amended by Acts 2001, 77th Leg., ch. 1367, Sec. 8.01, eff. Sept. 1, 2001; Acts 2003, 78th Leg., ch. 330, Sec. 26, eff. Sept. 1, 2003; Acts 2003, 78th Leg., ch. 1106, Sec. 3, eff. Sept. 1, 2003.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 817 (H.B. 3576), Sec. 4, eff. September 1, 2015.
Acts 2015, 84th Leg., R.S., Ch. 954 (S.B. 1316), Sec. 2, eff. September 1, 2015.
Acts 2015, 84th Leg., R.S., Ch. 1111 (H.B. 3311), Sec. 3, eff. September 1, 2015.
Section: Previous 2306.67171 2306.6718 2306.6719 2306.6720 2306.6722 2306.6723 2306.6724 2306.6725 2306.6726 2306.6727 2306.6728 2306.6729 2306.6730 2306.6731 2306.6733 NextLast modified: September 28, 2016