summary
Introduced
01/13/2025
01/13/2025
In Committee
05/12/2025
05/12/2025
Crossed Over
05/10/2025
05/10/2025
Passed
05/28/2025
05/28/2025
Dead
Signed/Enacted/Adopted
05/28/2025
05/28/2025
Introduced Session
89th Legislature Regular Session
Bill Summary
AN ACT relating to housing finance corporations; authorizing a fee.
AI Summary
This bill makes several significant changes to Texas housing finance corporation laws, focusing on expanding and clarifying the regulations for residential development and tax exemptions. The bill modifies the geographic limitations for housing finance corporations, specifying that they can only own or develop residential properties within the boundaries of their sponsoring municipality or county, with provisions for obtaining approval to work outside those areas. It introduces detailed requirements for multifamily residential developments seeking ad valorem tax exemptions, including mandates for income-restricted units, rent reductions, and tenant protections. The bill requires housing finance corporations to reserve a percentage of units for low and moderate-income households, ensure that income-restricted units have equivalent amenities to market-rate units, and prohibit discrimination against tenants using housing choice vouchers. Additionally, the bill establishes new audit and compliance mechanisms, requiring annual independent audits of developments claiming tax exemptions and creating a process for addressing non-compliance. The legislation aims to increase transparency, affordability, and accessibility in housing development while providing clear guidelines for housing finance corporations operating in Texas.
Committee Categories
Government Affairs
Sponsors (108)
Cecil Bell (R)*,
Paul Bettencourt (R)*,
Giovanni Capriglione (R)*,
Gary Gates (R)*,
Trey Martinez Fischer (D)*,
Carl Tepper (R)*,
Daniel Alders (R),
Alma Allen (D),
Jeffrey Barry (R),
Keith Bell (R),
Salman Bhojani (D),
Greg Bonnen (R),
Brad Buckley (R),
Ben Bumgarner (R),
Angie Button (R),
Briscoe Cain (R),
Donna Campbell (R),
David Cook (R),
Molly Cook (D),
Philip Cortez (D),
Tom Craddick (R),
Charles Cunningham (R),
Pat Curry (R),
Drew Darby (R),
Jay Dean (R),
Paul Dyson (R),
Caroline Fairly (R),
Pete Flores (R),
Erin Gámez (D),
Josey Garcia (D),
Cassandra Garcia Hernandez (D),
Charlie Geren (R),
Vikki Goodwin (D),
Ryan Guillen (R),
Sam Harless (R),
Cody Harris (R),
Caroline Harris Davila (R),
Brian Harrison (R),
Richard Hayes (R),
Cole Hefner (R),
Hillary Hickland (R),
Adam Hinojosa (R),
Chuy Hinojosa (D),
Janis Holt (R),
Andy Hopper (R),
Donna Howard (D),
Lacey Hull (R),
Todd Hunter (R),
Carrie Isaac (R),
Helen Kerwin (R),
Ken King (R),
Stan Kitzman (R),
Lois Kolkhorst (R),
Marc LaHood (R),
Suleman Lalani (D),
Stan Lambert (R),
Brooks Landgraf (R),
Jeff Leach (R),
Terri Leo-Wilson (R),
Mitch Little (R),
Oscar Longoria (D),
Janie Lopez (R),
Ray Lopez (D),
A.J. Louderback (R),
David Lowe (R),
J.M. Lozano (R),
John Lujan (R),
Shelley Luther (R),
Don McLaughlin (R),
John McQueeney (R),
Terry Meza (D),
Mayes Middleton (R),
Brent Money (R),
Eddie Morales (D),
Matt Morgan (R),
Sergio Muñoz (D),
Candy Noble (R),
Mike Olcott (R),
Tom Oliverson (R),
Claudia Ordaz Perez (D),
Angelia Orr (R),
Jared Patterson (R),
Dennis Paul (R),
Vincent Perez (D),
Dade Phelan (R),
Katrina Pierson (R),
Mihaela Plesa (D),
Richard Raymond (D),
Keresa Richardson (R),
Nate Schatzline (R),
Alan Schoolcraft (R),
Matt Shaheen (R),
Joanne Shofner (R),
John Smithee (R),
David Spiller (R),
Valoree Swanson (R),
James Talarico (D),
Tony Tinderholt (R),
Steve Toth (R),
Ellen Troxclair (R),
Gary VanDeaver (R),
Cody Vasut (R),
Denise Villalobos (R),
Wesley Virdell (R),
Royce West (D),
Trey Wharton (R),
Terry Wilson (R),
Erin Zwiener (D),
Last Action
Effective immediately (on 05/28/2025)
Official Document
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