Tex. Loc. Gov't Code § 394.9025 · Subchapter Z. MISCELLANEOUS PROVISIONS
MULTIFAMILY RESIDENTIAL DEVELOPMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Following a public hearing by the governing body of the applicable local government, a housing finance corporation may, subject to the geographic limitations of Section 394.037(a-1), issue bonds to finance a multifamily residential development to be owned by the housing finance corporation if:
(1) at least 50 percent of the units in the multifamily residential development are reserved for occupancy by individuals and families earning less than 80 percent of the area median family income; or
(2) the units in the multifamily residential development are reserved in the manner provided by Section 394.9026(c)(1).
(b) Following a public hearing by the governing body of the applicable local government, a housing finance corporation may, subject to the geographic limitations of Section 394.037(a-1), issue bonds to finance a multifamily residential development to be owned by the housing finance corporation in accordance with Section 394.004 if the housing finance corporation receives approval of the governing body of the local government.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1493, Sec. 3, eff. Aug. 31, 2002.
Amended by:
Acts 2025, 89th Leg., R.S., Ch. 208 (H.B. 21), Sec. 8, eff. May 28, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.394.htm
- Text hash
- sha256 4751e8212de5324618a31bf31050be79555f8c8c2a6bdb3b6c8601e567f6a2e2
- 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.
Local Government Code
- Tex. Loc. Gov't Code § 394.004APPLICATION OF CHAPTER TO CERTAIN RESIDENTIAL DEVELOPMENTS.Printed as Section 394.004
- Tex. Loc. Gov't Code § 394.037BONDS.Printed as Section 394.037
- Tex. Loc. Gov't Code § 394.9026ADDITIONAL CONDITIONS FOR BENEFICIAL AD VALOREM TAX TREATMENT RELATING TO CERTAIN MULTIFAMILY RESIDENTIAL DEVELOPMENTS.Printed as Section 394.9026(c)(1)
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.