89R2932 JG-D
By: Cook S.B. No. 2260
A BILL TO BE ENTITLED
AN ACT
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.