Bill > HB1604

This bill amends Section 303.042 of the Local Government Code to modify the requirements for a public housing authority's multifamily residential development to receive a tax exemption. The key provisions include: (1) requiring the governing body of each governmental unit authorized to impose taxes on the property to approve the development, (2) mandating that at least 50% of the units be reserved for individuals and families earning less than 80% of the area median income, with an additional 12.5% reserved for those earning less than 60% and 12.5% for those earning less than 30%, and (3) prohibiting the development's operator from refusing to rent a unit based on the individual's or family's participation in the federal Section 8 Housing Choice Voucher Program. The changes apply only to developments approved by a housing authority on or after the effective date of September 1, 2021.