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

HB 293 requires developers applying for low-income housing tax credits on projects funded through private activity bonds to notify their state representative and local governing bodies (municipal council or county commissioners court) before submitting applications. The bill adds a new provision stating that if the state representative for the project's district submits an opposing letter to the Texas Department of Housing, the application cannot be approved. This directly affects housing developers seeking tax credits for projects using private activity bonds, particularly those in areas outside city limits or within a municipality's extraterritorial jurisdiction. The changes apply only to applications submitted during the 2026 or later qualified allocation plan cycles.