Texas HB4306 amends Local Government Code to redefine multifamily residential developments and set new location requirements for those owned by.

Texas HB4306 amends the Local Government Code to redefine "multifamily residential development" as any residential development with four or more dwelling units intended for occupancy as rentals. The bill also sets new location requirements for such developments owned by public facility corporations. A corporation or sponsor may finance, own, or operate a multifamily residential development only if the corporation or sponsor complies with all applicable provisions of the chapter and the development is located within the area of operation of the sponsor if the sponsor is a housing authority, or.

Texas HB4306 amends Local Government Code to redefine multifamily residential developments and set new location requirements for those owned by.

Texas HB4306 amends the Local Government Code to redefine "multifamily residential development" as any residential development with four or more dwelling units intended for occupancy as rentals. The bill also sets new location requirements for such developments owned by public facility corporations. A corporation or sponsor may finance, own, or operate a multifamily residential development only if the corporation or sponsor complies with all applicable provisions of the chapter and the development is located within the area of operation of the sponsor if the sponsor is a housing authority, or.