Texas § LG.394.9025 - MULTIFAMILY RESIDENTIAL DEVELOPMENT
Full text of Texas The Texas Constitution § LG.394.9025 — MULTIFAMILY RESIDENTIAL DEVELOPMENT, with citation guidance and answers to common questions.
§ LG.394.9025. MULTIFAMILY RESIDENTIAL DEVELOPMENT
MULTIFAMILY RESIDENTIAL DEVELOPMENT. (a) Following a public hearing by the governing body of the applicable local government, a housing finance corporation may, subject to the geographic limitations of Section 394.037 (a-1), issue bonds to finance a multifamily residential development to be owned by the housing finance corporation if: (1) at least 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; or (2) the units in the multifamily residential development are reserved in the manner provided by Section 394.9026 (c)(1). (b) Following a public hearing by the governing body of the applicable local government, a housing finance corporation may, subject to the geographic limitations of Section 394.037 (a-1), issue bonds to finance a multifamily residential development to be owned by the housing finance corporation in accordance with Section 394.004 if the housing finance corporation receives approval of the governing body of the local government. Added by Acts 2001, 77th Leg., ch. 1493, Sec. 3, eff. Aug. 31, 2002. Amended by: Acts 2025, 89th Leg., R.S., Ch. 208 (H.B. 21 ), Sec. 8, eff. May 28, 2025.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § LG.394.9025
What does The Texas Constitution § LG.394.9025 cover?
Section LG.394.9025 ("MULTIFAMILY RESIDENTIAL DEVELOPMENT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § LG.394.9025?
A common citation format is "The Texas Constitution § LG.394.9025" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § LG.394.9025 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.