Bill Text: TX HB1466 | 2025-2026 | 89th Legislature | Introduced
Bill Title: Relating to reports on information regarding certain multifamily residential developments to the Texas Department of Housing and Community Affairs.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2024-11-25 - Filed [HB1466 Detail]
Download: Texas-2025-HB1466-Introduced.html
| 89R2932 JG-D | ||
| By: Hayes | H.B. No. 1466 | |
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| relating to reports on information regarding certain multifamily | ||
| residential developments to the Texas Department of Housing and | ||
| Community Affairs. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter A, Chapter 2306, Government Code, is | ||
| amended by adding Section 2306.009 to read as follows: | ||
| Sec. 2306.009. REQUIRED REPORT ON CERTAIN MULTIFAMILY | ||
| RESIDENTIAL DEVELOPMENTS; PUBLIC DATABASE. (a) This section | ||
| applies only to a multifamily residential development that: | ||
| (1) receives financial assistance administered under | ||
| Chapter 1372; | ||
| (2) is allocated housing tax credits under Subchapter | ||
| DD; or | ||
| (3) receives a property tax exemption in accordance | ||
| with Section 303.042, Local Government Code. | ||
| (b) Not later than January 1 of each year, each political | ||
| subdivision that contains in the political subdivision's | ||
| boundaries a multifamily residential development to which this | ||
| section applies shall submit to the department a report that | ||
| contains: | ||
| (1) a list of each of those developments that, during | ||
| the preceding year, were: | ||
| (A) in operation and receiving the benefits | ||
| described by Subsection (a); or | ||
| (B) being constructed or rehabilitated; and | ||
| (2) for each development described by Subdivision (1): | ||
| (A) the name of the developer; | ||
| (B) the appraised or estimated value; | ||
| (C) the length of the term for which the | ||
| development was awarded the benefit described by Subsection (a); | ||
| and | ||
| (D) any other information the department | ||
| requires. | ||
| (c) The department shall implement a publicly accessible | ||
| database that includes: | ||
| (1) the name of each political subdivision that | ||
| submits a report under Subsection (b); and | ||
| (2) the information included in each report, | ||
| aggregated by political subdivision. | ||
| (d) The department shall maintain information in the | ||
| database implemented under Subsection (c) for each multifamily | ||
| residential development included in a report under Subsection (b) | ||
| for not less than two years after the date the development's | ||
| benefits described by Subsection (a) have ended. | ||
| (e) Not later than March 1 of each year, the department | ||
| shall prepare and submit to the legislature a written report that | ||
| contains the information contained in the database implemented | ||
| under Subsection (c). | ||
| SECTION 2. This Act takes effect September 1, 2025. | ||
