HB 627 modifies the requirements for applications involving low-income housing tax credits funded through private activity bonds. It mandates that counties with populations exceeding 1.2 million and municipalities over 600,000 must hold a public hearing to gather community feedback on proposed developments. Local governing bodies must confirm that they do not object to the application. If a county or city fails to hold a hearing or issue a resolution within 90 days of notification, the application may proceed regardless. This bill aims to streamline the process while ensuring public involvement​.