SB1510 amends the Natural Resources Code to enhance reviews of state-owned real property by the General Land Office and Texas Department of Housing.

SB1510 amends the Natural Resources Code to require the General Land Office to analyze the highest and best use of state-owned real property before recommending a real estate transaction to the governor. The bill mandates the solicitation of a basic assessment from the Texas Department of Housing and Community Affairs on the suitability of the property for affordable housing. If the property is deemed suitable for residential use, the department must evaluate and identify any property suitable for affordable housing, submitting comments and supporting documents to the governor within 60 days.

SB1510 amends the Natural Resources Code to enhance reviews of state-owned real property by the General Land Office and Texas Department of Housing.

SB1510 amends the Natural Resources Code to require the General Land Office to analyze the highest and best use of state-owned real property before recommending a real estate transaction to the governor. The bill mandates the solicitation of a basic assessment from the Texas Department of Housing and Community Affairs on the suitability of the property for affordable housing. If the property is deemed suitable for residential use, the department must evaluate and identify any property suitable for affordable housing, submitting comments and supporting documents to the governor within 60 days.