Texas House Bill 2071 (the “Bill”), which took effect on June 18, 2023 to modify Chapter 303 of the Texas Local Government Code (the “Code”) with respect to the ownership of a multifamily residential development (a...more
The 88th Regular Session (2023) of the Texas Legislature approved HB 2071 (the “Bill”), substantially revising the way public facility corporations can be utilized to own and operate affordable housing. While some provisions...more
On March 8, the Texas Office of the Attorney General (the “AG Office”) issued a legal opinion regarding the ability of a public facility corporation (“PFC”) formed by a municipal management district (“MMD”) to acquire...more
The Tax Cuts and Jobs Act added the Opportunity Zones concept as Section 1400Z to the Internal Revenue Code, which is designed to incentivize private investment in low income areas. That section of the Code allows the...more
Tim Irvine, Executive Director for the Texas Department of Housing and Community Affairs (“TDHCA”), has announced his retirement from state service effective November 30, 2018. Tim served in the position for seven years,...more
According to an article in the Quorum Report published June 27, 2018, Governor Greg Abbott wants to review all Texas agency rules before they are posted in the Texas Register for public comment. ...more