Texas § 394.9025 MULTIFAMILY RESIDENTIAL DEVELOPMENT.

Texas Statutes

§ 394.9025 — MULTIFAMILY RESIDENTIAL DEVELOPMENT.

Texas § 394.9025

Code LGLocal Government Code

This text of Texas § 394.9025 (MULTIFAMILY RESIDENTIAL DEVELOPMENT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Local Government Code Code Ann. § 394.9025 (2026).

Text

Sec. 394.9025. MULTIFAMILY RESIDENTIAL DEVELOPMENT.

(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, su

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Sec. 394.9025. MULTIFAMILY RESIDENTIAL DEVELOPMENT. (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.

Legislative 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.