Texas SB2258 amends the Local Government Code to redefine "low income" and "moderate income," and modifies the powers and operational areas of.

Texas SB2258 amends the Local Government Code to redefine "low income" as an individual or family with an annual median income not exceeding 60% of the area median income or 80% of the statewide median income. It also defines "moderate income" as an individual or family with an annual median income not exceeding 80% of the area median income or 60% of the statewide median income. The bill limits the operational areas of housing finance corporations to the jurisdictional boundaries of sponsoring municipalities or the unincorporated areas of sponsoring counties.

Texas SB2258 amends the Local Government Code to redefine "low income" and "moderate income," and modifies the powers and operational areas of.

Texas SB2258 amends the Local Government Code to redefine "low income" as an individual or family with an annual median income not exceeding 60% of the area median income or 80% of the statewide median income. It also defines "moderate income" as an individual or family with an annual median income not exceeding 80% of the area median income or 60% of the statewide median income. The bill limits the operational areas of housing finance corporations to the jurisdictional boundaries of sponsoring municipalities or the unincorporated areas of sponsoring counties.