On Friday, March 3, 2023, Governor Greg Abbott rescinded certain waivers associated with the following specific resolutions required for Housing Tax Credit applications.
- Tex. Gov’t Code Sec. 2306.67071: Relating to applications for non-competitive housing tax credits include a resolution of no objection from the governing body stating they do not object to the applicant filing a housing tax credit application with TDHCA.
- Tex. Gov’t Code Sec. 2306.6703(a)(3): Relating to applications involving a proposed development that is located within one mile of another housing tax credit development that has already been awarded and proposes to serve the same target population.
- Tex. Gov’t Code Sec. 2306.6703(a)(4): Relating to applications involving a proposed development that is located in a municipality or county (as applicable) that has more than twice the state’s average of units per capita supported by housing tax credits or private activity bonds at the time the application is submitted.
For 4% housing tax credit applications that were submitted to the Department on or prior to March 3, 2023, are currently under review, and for which the applicable resolution(s) has not yet been submitted, the application will be allowed to move forward without the resolution(s).
For 4% housing tax credit applications that are submitted to the Department on or after March 6, 2023, the applicable resolution(s) will be required and must be submitted in accordance with Section 11.2(b)(4) of the 2023 Qualified Allocation Plan.
Questions may be directed to Teresa Morales, Director of Multifamily Bonds at [email protected].