Texas HB5408 amends the Natural Resources Code to require the Texas General Land Office to consult with the Texas Department of Housing and Community.

Texas HB5408 amends the Natural Resources Code to change the process for reviewing real property owned by the state. Specifically, before the Texas General Land Office recommends a real estate transaction to the governor, it must solicit an assessment from the Texas Department of Housing and Community Affairs. This assessment evaluates whether the property is suitable for affordable housing. The Department must submit its assessment within 60 days of being solicited. The General Land Office must then include this assessment in its report to the governor.

Texas HB5408 amends the Natural Resources Code to require the Texas General Land Office to consult with the Texas Department of Housing and Community.

Texas HB5408 amends the Natural Resources Code to change the process for reviewing real property owned by the state. Specifically, before the Texas General Land Office recommends a real estate transaction to the governor, it must solicit an assessment from the Texas Department of Housing and Community Affairs. This assessment evaluates whether the property is suitable for affordable housing. The Department must submit its assessment within 60 days of being solicited. The General Land Office must then include this assessment in its report to the governor.