Bill > HB1595

This bill modifies the tax exemption rules for public housing authorities in Texas, focusing on multifamily residential developments. It establishes detailed conditions under which these developments can receive a property-based tax exemption, including requirements that a certain percentage of units must be reserved for lower and moderate-income housing. Specifically, developments must reserve at least 10% of units for lower-income housing (defined as housing for families earning up to 60% of area median income) and 40% for moderate-income housing (for families earning up to 80% of area median income). The bill also mandates annual compliance audits, requires housing authorities to affirmatively market units to housing choice voucher program participants, and prohibits discriminatory tenant selection practices. Additionally, the bill includes tenant protection provisions, such as restrictions on lease non-renewal and protections for tenant organizations. The legislation applies to new and newly acquired multifamily residential developments, with some provisions taking effect immediately and others becoming operational in 2026, contingent upon receiving a two-thirds vote in the Texas Legislature.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB1595