87R10136 JAM-D
By: Morales Shaw H.B. No. 3464
A BILL TO BE ENTITLED
AN ACT
relating to requirements for beneficial tax treatment related to a
leasehold or other possessory interest in a public facility used to
provide affordable housing.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 303.042, Local Government Code, is
amended by adding Subsection (d-1) to read as follows:
(d-1) An exemption under this section for a multifamily
residential development which is owned by a public facility
corporation applies only if the operator of the development does
not base any refusal to rent a unit to an individual or family on the
individual's or family's participation in the federal Section 8
Housing Choice Voucher Program.
SECTION 2. The change in law made by this Act applies only
to a multifamily residential development that is constructed or
acquired by a public facility corporation on or after the effective
date of this Act. A multifamily residential development that is
constructed or acquired by a public facility corporation before the
effective date of this Act is governed by the law in effect on the
date the development was constructed or acquired, and the former
law is continued in effect for that purpose.
SECTION 3. This Act takes effect September 1, 2021.