Texas HB1342 amends the issuance of private activity bonds for qualified residential rental projects.
Texas HB1342 amends the Texas Government Code to change the priority system for issuing private activity bonds for qualified residential rental projects. The bill establishes new criteria for prioritizing projects based on income restrictions and the percentage of units reserved for low-income families. It also modifies the requirements for bond issuers to submit documentation to the board. The changes apply to the allocation of the available state ceiling beginning with the 2026 program year and take effect September 1, 2025.
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