Tex. Gov't Code § 2306.805 · Subchapter HH. AFFORDABLE HOUSING PRESERVATION
HOUSING PRESERVATION INCENTIVES PROGRAM.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The department shall establish and administer a housing preservation incentives program to provide incentives through loan guarantees, loans, and grants to political subdivisions, housing finance corporations, public housing authorities, for-profit organizations, and nonprofit organizations for the acquisition and rehabilitation of multifamily housing developments assigned a Class A or Class B priority under Section 2306.803.
(b) A loan issued by a lender participating in the program must be fully underwritten by the department.
(c) Consistent with the requirements of federal law, the department may guarantee loans issued under the program by obtaining a Section 108 loan guarantee from the United States Department of Housing and Urban Development under the Housing and Community Development Act of 1974 (42 U.S.C. Section 5308).
(d) Grants under this program may include direct subsidies offered as an equity contribution to enable an owner to acquire and rehabilitate a Class A or Class B priority property described by Section 2306.802. Grants may also be offered to provide consultation and technical assistance services to a nonprofit organization seeking to acquire and rehabilitate a Class A or Class B priority property.
(e) A housing development that benefits from the incentive program under this section is subject to the requirements concerning:
(1) long-term affordability and safety prescribed by Section 2306.185; and
(2) tenant and manager selection prescribed by Section 2306.269.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1367, Sec. 3.05, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2306.htm
- Text hash
- sha256 5e7405be2a293d00f476cd85a97c5bc2ceda3d0dca3e87328ddf5443015670fc
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Government Code
- Tex. Gov't Code § 2306.185LONG-TERM AFFORDABILITY AND SAFETY OF MULTIFAMILY RENTAL HOUSING DEVELOPMENTS.Printed as Section 2306.185
- Tex. Gov't Code § 2306.269TENANT AND MANAGER SELECTION.Printed as Section 2306.269
- Tex. Gov't Code § 2306.802MULTIFAMILY HOUSING PRESERVATION CLASSES.Printed as Section 2306.802
- Tex. Gov't Code § 2306.803AT-RISK MULTIFAMILY HOUSING: IDENTIFICATION, PRIORITIZATION, AND PRESERVATION.Printed as Section 2306.803
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.