1372.0321[2/2] – PRIORITIES FOR RESERVATIONS AMONG ISSUERS OF
Texas Government Code § 1372.0321[2/2]
Summary
This law establishes priorities for granting reservations to issuers of qualified residential rental projects. It specifically prioritizes projects that offer affordable housing options for families and individuals, ensuring that a significant portion of the units are rented at rates affordable to low-income residents.
Third priority for projects with 80% affordable units.
Rents capped at 30% of 60% area median income.
Units must be reserved for families and individuals.
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In simple terms: Learn about Texas's PRIORITIES FOR RESERVATIONS AMONG ISSUERS OF law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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