Texas HB1590 amends tax exemptions for multifamily residential developments owned by public facility corporations.
Texas HB1590 amends the Local Government Code to modify tax exemptions for multifamily residential developments owned by public facility corporations. The bill excludes certain developments from eligibility for tax exemptions, including those with at least 20% of units reserved for public housing, those participating in the Rental Housing Assistance Demonstration program, and those receiving financial assistance under Subchapter 2306, Government Code.
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