Texas HB3533 amends the Local Government Code to redefine "multifamily residential development" and set conditions for financing, owning, or.

Texas HB3533 amends the Local Government Code to redefine "multifamily residential development" as any residential development consisting of four or more dwelling units intended for occupancy as rentals. The bill sets conditions for a corporation or sponsor to finance, own, or operate such developments. These conditions include compliance with applicable provisions and location requirements. For housing authorities, the development must be within their operational area. For other sponsors, it must be within their boundaries.

Texas HB3533 amends the Local Government Code to redefine "multifamily residential development" and set conditions for financing, owning, or.

Texas HB3533 amends the Local Government Code to redefine "multifamily residential development" as any residential development consisting of four or more dwelling units intended for occupancy as rentals. The bill sets conditions for a corporation or sponsor to finance, own, or operate such developments. These conditions include compliance with applicable provisions and location requirements. For housing authorities, the development must be within their operational area. For other sponsors, it must be within their boundaries.