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HB 293

Relating to the requirements for applications for low income housing tax credits for developments financed through the private activity bond program.

89th Legislature (2025) Introduced by Briscoe Cain and 8 co-sponsors

HB 293 modifies application requirements for low-income housing tax credits in Texas bond-financed developments, affecting affordable housing development eligibility and processes.

Committee report sent to Calendars
#citygovernment--landuse&zoning(i0064) #countygovernment--landuse&zoning(i0098) #houseofrepresentatives(v0096) #housing&communityaffairs #texasdepartmentof(v0008) #housing--general(i0405) #legislature(i0520) #taxation--property-exemptions(i0793)
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Bill Summary · HB 293

Legislative bill overview

HB 293 modifies the application requirements for developers seeking Low Income Housing Tax Credits (LIHTC) when their projects are financed through private activity bonds in Texas. The bill adjusts eligibility criteria, application procedures, or documentation standards to streamline or alter how LIHTC awards are allocated to bond-financed developments.

Why is this important

Low Income Housing Tax Credits are a primary federal financing tool for affordable housing development. How Texas structures LIHTC applications directly affects housing affordability, developer participation, and the number of low-income units created. Changes to these requirements can either expand or restrict access to funding for affordable housing projects.

Potential points of contention

  • Developer burden vs. accessibility: Stricter requirements may reduce frivolous applications but could discourage smaller developers or nonprofits from competing for credits
  • Affordable housing impact: Changes that make bonding financing more attractive or more restrictive could shift resources between different development models, affecting total affordable units produced
  • Competitive fairness: Modifications to application standards may advantage certain project types or developers over others, raising equity concerns among industry stakeholders

Compiled from official sources — confirm details with the bill’s official record.

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