Fillable Application for Community Housing Development Organization Improving Property (Bexar Appraisal District)

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Application for Community Housing Development Organization Improving Property (Bexar Appraisal District)

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Texas Comptroller of Public Accounts
Form
50-263
The Property Tax Assistance Division at the Texas Comptroller of Public Accounts provides property tax
information and resources for taxpayers, local taxing entities, appraisal districts and appraisal review boards.
For more information, visit our website:
comptroller.texas.gov/taxes/property-tax
50-263 • 02-17/7
Application for Community Housing Development Organization
Improving Property for Low-Income and Moderate-Income
Housing Property Tax Exemption Previously Exempt In 2003
_______________________________________________________________ __________________________________
Appraisal District’s Name Phone (area code and number)
___________________________________________________________________________________________________
Address, City, State, ZIP Code
GENERAL INSTRUCTIONS: This application is for use in claiming property tax exemptions pursuant to Tax Code Section 11.182. You must furnish all
information and documentation required by the application.
APPLICATION DEADLINES: You must le the completed application with all required documentation between Jan. 1 and no later than April 30 of the year
for which you are requesting an exemption.
If the chief appraiser grants the exemption, you do not need to reapply annually unless the chief appraiser requires it. You must notify the chief appraiser in
writing if and when your qualication for this exemption ends. Return the completed form to the address above.
Please note that the Supplemental Application for Community Housing Development Organization Improving Property for Low-Income and Moderate-
Income Housing covers improved and unimproved real property acquired at any time during the year and must be led not later than the 30th day after
you acquired the property. You also must le the supplemental application by March 31 of the following year, listing any properties that the organization has
acquired or sold in this county that received the exemption in the preceding year.
OTHER IMPORTANT INFORMATION
Pursuant to Tax Code Section 11.45, after considering this application and all relevant information, the chief appraiser may request additional information
from you. You must provide the additional information within 30 days of the request or the application is denied. For good cause shown, the chief appraiser
may extend the deadline for furnishing the additional information by written order for a single period not to exceed 15 days.
STEP 1: State the Year for Which Exemption is Sought
_______________________________
State the year for which exemption is sought
STEP 2: Provide Name and Mailing Address of Applicant Organization and Identity of Person Preparing Application
___________________________________________
______________________________________________________
Name of Applicant Organization Mailing Address
_______________________________________________________________ __________________________________
City, State, ZIP Code Phone (area code and number)
Applicant Organization is a (check one):
partnership corporation other (specify): ___________________________________________________________
________________________________________ ___________________________ ____________________________
Name of Person Preparing this Application Title Driver’s License, Personal I.D. Certicate
or Social Security Number*
If this application is for property owned by a charitable organization with a federal tax
identication number, that number may be provided in lieu of a driver’s license number,
personal identication certicate number or social security number: ................ _____________________________________
* Unless the applicant is a charitable organization with a federal tax identication number, the applicant’s driver’s license number, personal identication certicate number or social
security account number is required. Pursuant to Tax Code Section 11.48(a), a driver’s license number, personal identication certicate number or social security account number
provided in an application for an exemption led with a chief appraiser is condential and not open to public inspection. The information may not be disclosed to anyone other
than an employee of the appraisal office who appraises property, except as authorized by Tax Code Section 11.48(b). If the applicant is a charitable organization with a federal tax
identication number, the applicant may provide the organization’s federal tax identication number in lieu of a driver’s license number, personal identication certicate number or
social security account number.
If operated by a corporation, is the corporation non-prot as dened by the Texas Non-Prot Corporation Act
(Art. 1396-1.01 VACS et seq.)?.................................................................................
Yes
No
BEXAR APPRAISAL DISTRICT
210-224-2432
PO BOX 830248 SAN ANTONIO, TEXAS 78283-0248
STEP 3: Answer the Following Questions About the Applicant Organization
STEP 4: Answer these Questions About the Applicant Organization Bylaws or Charter
Attach a copy of the charter, bylaws or other documents adopted by the organization which govern its affairs and answer the following questions.
1. Do these documents pledge the organization’s assets for use in performing the organization’s charitable functions?...........
Yes
No
If yes, provide the page and paragraph numbers. Page
_________ Paragraph _________
2. Do these documents direct that on the discontinuance of the organization, the organization’s assets are to be transferred to the
State of Texas or to an educational, religious, charitable or other similar organization that is qualied for exemption under
Section 501(c)(3), Internal Revenue Code, as amended? .........................................................
Yes
No
If yes, provide the page and paragraph numbers. Page
_________ Paragraph _________
3. If no, do these documents direct that on discontinuance of the organization, the organization’s assets are to be transferred to
its members who have promised in their membership application to immediately transfer them to the State of Texas or to an
educational, religious, charitable or other similar organization that is qualied for exemption under Section 501(c)(3), Internal
Revenue Code, as amended? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..................
Yes
No
If yes, provide the page and paragraph numbers. Page
_________ Paragraph _________
If yes, was this two-step transfer required for the organization to qualify for exemption under Section 501(c)(12), Internal
Revenue Code, as amended? ..............................................................................
Yes
No
STEP 5: Describe the Property for Which Exemption is Sought
Texas Comptroller of Public Accounts
Form
50-263
For more information, visit our website: comptroller.texas.gov/taxes/prop ert y-tax
Page 2
50-263 • 02-17/7
1. Is the organization organized as a community housing development organization (42 U.S.C. Section 12704)? ...............
Yes
No
2. Is the organization engaged primarily in public charitable functions? ................................................
Yes
No
If yes, using an attachment, describe the organization’s activities in a narrative. The narrative description of activities should be
thorough, accurate and include date-specic references to the tax year for which the exemption is sought. You may also attach
representative copies of newsletters, brochures or similar documents for supporting details to this narrative.
3. Is the organization organized exclusively to perform religious, charitable, scientic, literary or educational purposes? ..........
Yes
No
If yes, attach copies of organizational documents supporting your answer.
4. Does the organization own the property for the purpose of building or repairing housing on it to sell or rent without prot to an
individual or family satisfying the organization’s low-income or moderate-income eligibility requirements? ...................
Yes
No
5. Does the organization engage exclusively in the building, repair and sale or rental of housing as described above and related
activities? ..............................................................................................
Yes
No
6. Does the organization perform, or does its charter permit it to perform, any functions other than those checked in question 3? ....
Yes
No
If yes, attach a statement describing the other functions in detail.
7. In the past year has the organization loaned funds to, borrowed funds from, sold property to or bought property from a shareholder,
director or member of the organization, or had a shareholder or member sell an interest in the organization for a prot? .......
Yes
No
If yes, attach a description of each transaction. For sales, give buyer, seller, price paid, value of the property sold and date
of sale. For loans, give lender, borrower, amount borrowed, interest rate and term of loan. Attach a copy of note, if any.
8. Does the organization operate in such a manner that does not result in the accrual of distributable prots, the distribution of
prots or the realization of any other form of private gain? ........................................................
Yes
No
9. Does the organization operate, or its charter permit to operate, in a manner which permits the accrual of prots or distribution
of any form of private gain? ................................................................................
Yes
No
If yes, explain on a separate attached page.
10. Does the organization have an annual audit, including a detailed report on the organization’s sources and uses of funds,
prepared by an independent auditor? ........................................................................
Yes
No
Please deliver a copy of the annual audit to the chief appraiser of this appraisal district and to the Texas Department of
Housing and Community Affairs, as required by Tax Code Section 11.182(g).
PROPERTY TO BE EXEMPT:
• Attach one Schedule A (REAL PROPERTY) form for EACH parcel of real improved and unimproved property to be exempt.
• Attach one Schedule B (BUILDINGS) form for EACH building to be exempt.
• Attach one Schedule C (PERSONAL PROPERTY) form listing ALL personal property to be exempt
Texas Comptroller of Public Accounts
Form
50-263
For more information, visit our website: comptroller.texas.gov/taxes/prop ert y-tax
Page 3
50-263 • 02-17/7
STEP 6: Read, Sign and Date
By signing this application, you designate the property described in the attached Schedules A, B and C as the property against which the community
housing development organization improving property for low-income and moderate-income housing exemption may be claimed in this appraisal district.
By signing this application, you certify that the information provided in this application is true and correct to the best of your knowledge and belief.
__________________________________________________________ ________________________________
On Behalf of (Name of Applicant or Organization) Date
__________________________________________________________ ________________________________
Authorized Signature Title
If you make a false statement on this application, you could be found guilty of a Class A misdemeanor or a state jail felony under Penal Code
Section 37.10.
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Texas Comptroller of Public Accounts
Form
50-263
For more information, visit our website: comptroller.texas.gov/taxes/prop ert y-tax
Page 4
50-263 • 02-17/7
Schedule A: Description of Real Property
Complete one Schedule A form for EACH parcel of improved and unimproved real property qualied for exemption. Attach all completed schedules to your
application for exemption.
___________________________________________________________________________________________________
Name of Property Owner
______________________________________________________________ __________________________________
Legal Description of Property (if known) Appraisal District Account Number (if known)
___________________________________________________________________________________________________
Describe the Primary Use of This Property
____________________
Date of Acquisition of the Property
Is this property reasonably necessary for operation of the association/organization?....................................... Yes No
Answer the following questions if this real property is a multifamily rental property consisting of 36 or more dwelling units owned by the organization.
1. Was this property acquired by the organization using tax exempt bond nancing after Jan. 1, 1997, and before
Dec. 31, 2001? ..........................................................................................
Yes
No
2. Does the entity that provides the nancing for acquiring or constructing the property require the organization to make
payment in lieu of taxes to the school district in which the property is located? ........................................
Yes
No
3. Does the entity that provides the nancing for acquiring or constructing the property restrict the amount of rent the
organization may charge for the dwelling units? ................................................................
Yes
No
4. Has the organization entered into an agreement with each taxing unit for which the property receives exemption to spend
in each tax year an amount equal to the total amount of taxes imposed on the property in the tax year preceding the year
in which the organization acquired the property for the purposes of social, educational or economic development services,
capital improvement projects or rent reduction for eligible persons in the county? ......................................
Yes
No
If the answers to all four questions is no, answer the following questions:
5. In the preceding tax year, what is the amount of total taxes that would have been imposed on the property without
the exemption? .......................................................................................... $
_____________
6. In the preceding tax year, how much did the organization spend for eligible persons in the county on the following areas:
Social, educational or economic development services $
____________________
Capital improvement projects $
____________________
Rent reduction $
____________________
Total spent in preceding year $
____________________
Answer the following questions if this real property is a housing project constructed after Dec. 31, 2001, and nanced with qualied 501(c)(3) bonds issued
under Section 145 of the Internal Revenue Code of 1986, tax exempt private activity bonds subject to volume cap or low-income housing tax credits.
1. Is the project owned by a limited partnership?..................................................................
Yes
No
2. If yes, does the organization control 100 percent of the interest in the general partner? .................................
Yes
No
3. Does the organization comply with all rules of and laws administered by the Texas Department of Housing and Community
Affairs for community housing development organization? ........................................................
Yes
No
4. Did the organization submit annually to the Texas Department of Housing and Community Affairs evidence demonstrating
that the organization spent an amount equal to at least 90 percent of the project’s cash ow in the preceding scal year
(as determined by the annual audit) for the purposes of social, educational or economic development services, capital
improvement projects or rent reduction for eligible persons in the county? ...........................................
Yes
No
5. Did the organization submit annually to the governing body of each taxing unit exempting the project evidence demonstrating
that the organization spent an amount equal to at least 90 percent of the project’s cash ow in the preceding scal year
(as determined by the annual audit) for the purposes of social, educational or economic development services, capital
improvement projects or rent reduction for eligible persons in the county? ............................................
Yes
No
Texas Comptroller of Public Accounts
Form
50-263
For more information, visit our website: comptroller.texas.gov/taxes/prop ert y-tax
Page 5
50-263 • 02-17/7
Schedule A: Description of Real Property (continued)
List all other individuals and organizations that used this property in the past year and give the requested information for each.
NAME DATES USED ACTIVITY RENT PAID, IF ANY
Texas Comptroller of Public Accounts
Form
50-263
For more information, visit our website: comptroller.texas.gov/taxes/prop ert y-tax
Page 6
50-263 • 02-17/7
Schedule B: Description of Buildings Used for Administration of Organization
Complete one Schedule B form for EACH building qualied for exemption. Attach all completed schedules to the application for exemption.
___________________________________________________________________________________________________
Name of Property Owner
___________________________________________________________________________________________________
Legal Description of Property (if known)
___________________________________________________________________________________________________
Describe the Primary Use of This Property
Is this property reasonably necessary for operation of the association/organization?......................................
Yes
No
List all other individuals and organizations that used this property in the past year and give the requested information for each.
NAME DATES USED ACTIVITY RENT PAID, IF ANY
Texas Comptroller of Public Accounts
Form
50-263
For more information, visit our website: comptroller.texas.gov/taxes/prop ert y-tax
Page 7
50-263 • 02-17/7
Schedule C: Description of Personal Property
List all tangible property to be exempt on this schedule. Attach all completed schedules to your application for exemption.
___________________________________________________________________________________________________
Name of Property Owner
Is this property reasonably necessary for operation of the association/organization?......................................
Yes
No
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Application for Community Housing Development Organization Improving Property (Bexar Appraisal District)

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Completed 10 February 2021

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