Relating to the evaluation of an application for low income housing tax credits.

This bill changes how Texas evaluates applications for low-income housing tax credits by requiring a standardized point system. It prioritizes financial feasibility (using lender-provided financial data), community support (via local government resolutions or neighborhood organization statements), tenant income levels, unit quality, rent levels, and disaster area location. The system also mandates specific criteria for certain developments, including whether projects in high-population urban areas include prekindergarten facilities meeting state requirements. The bill directly affects housing developers applying for tax credits and local governments reviewing these applications.