Tex. Government Code § 2306.802
MULTIFAMILY HOUSING PRESERVATION CLASSES
Texas · Texas Government Code · Status: effective
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- Citation
- Tex. Government Code § 2306.802, MULTIFAMILY HOUSING PRESERVATION CLASSES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/664306
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Full text
The department shall establish two classes of priorities of developments to preserve multifamily housing. The classes, in order of descending priority, are:
(1) Class A, which includes any federally subsidized multifamily housing development at risk because the contract granting a federal subsidy with a stipulation to maintain affordability is nearing expiration or because the government-insured mortgage on the property is eligible for prepayment or near the end of its mortgage term; and
(2) Class B, which includes any other multifamily housing development with low income use or rental affordability restrictions.