Texas HB4589 amends the Texas Department of Housing and Community Affairs' operations and functions.

Texas HB4589 amends the Texas Department of Housing and Community Affairs' operations and functions by modifying the definition of "Contract for Deed," requiring compliance assessments for project approval, establishing an executive award and review advisory committee, and regulating ex parte communications. It also addresses the transfer of housing tax credits and ownership of multifamily developments, and mandates the creation of rules for certain amendments. The changes apply to applications submitted after the act's effective date of September 1, 2025.

Texas HB4589 amends the Texas Department of Housing and Community Affairs' operations and functions.

Texas HB4589 amends the Texas Department of Housing and Community Affairs' operations and functions by modifying the definition of "Contract for Deed," requiring compliance assessments for project approval, establishing an executive award and review advisory committee, and regulating ex parte communications. It also addresses the transfer of housing tax credits and ownership of multifamily developments, and mandates the creation of rules for certain amendments. The changes apply to applications submitted after the act's effective date of September 1, 2025.