Texas SB2260 mandates annual reporting on multifamily residential developments receiving tax exemptions and requires a public database.

Texas SB2260 applies to multifamily residential developments receiving financial assistance, housing tax credits, or property tax exemptions. Each political subdivision must report annually to the Texas Department of Housing and Community Affairs on these developments, including details like developer names, appraised values, and benefit terms. The department must create a public database with this information, accessible to the public. The database will include reports from political subdivisions and maintain data for at least two years after the development's benefits end.

Texas SB2260 mandates annual reporting on multifamily residential developments receiving tax exemptions and requires a public database.

Texas SB2260 applies to multifamily residential developments receiving financial assistance, housing tax credits, or property tax exemptions. Each political subdivision must report annually to the Texas Department of Housing and Community Affairs on these developments, including details like developer names, appraised values, and benefit terms. The department must create a public database with this information, accessible to the public. The database will include reports from political subdivisions and maintain data for at least two years after the development's benefits end.