87R5927 JAM-D     By: Murphy H.B. No. 1604       A BILL TO BE ENTITLED   AN ACT   relating to requirements for beneficial tax treatment related to a   leasehold or other possessory interest in a public facility used to   provide affordable housing.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 303.042, Local Government Code, is   amended by amending Subsection (d) and adding Subsection (d-1) to   read as follows:          (d)  An exemption under this section for a multifamily   residential development which is owned by a public facility   corporation created by a housing authority under this chapter and   which does not have at least 20 percent of its units reserved for   public housing units, applies only if:                (1)  the housing authority holds a public hearing, at a   regular meeting of the authority's governing body, to approve the   development; [and]                (2)  a resolution approving the development is adopted   by the governing body of each governmental unit authorized by law to   impose taxes on the property containing the development; and                (3)  at least:                      (A)  50 percent of the units in the multifamily   residential development are reserved for occupancy by individuals   and families earning less than 80 percent of the area median family   income;                       (B)  12.5 percent of the units in the multifamily   residential development are reserved for occupancy by individuals   and families earning less than 60 percent of the area median family   income; and                      (C)  12.5 percent of the units in the multifamily   residential development are reserved for occupancy by individuals   and families earning less than 30 percent of the area median family   income.          (d-1)  The operator of a multifamily residential development   described by Subjection (d) may not base any refusal to rent a unit   to an individual or family on the individual's or family's   participation in the federal Section 8 Housing Choice Voucher   Program.          SECTION 2.  The change in law made by Section 303.042(d),   Local Government Code, as amended by this Act, applies only to a   multifamily residential development that is approved by a housing   authority on or after the effective date of this Act. A multifamily   residential development that is approved by a housing authority   before the effective date of this Act is governed by the law in   effect on the date the development was approved, and the former law   is continued in effect for that purpose.          SECTION 3.  This Act takes effect September 1, 2021.