Texas House Bill 21: New Rules, New Risks

Texas House Bill 21 introduces significant changes to property-tax exemptions for multifamily and student housing properties operating under Housing Finance Corporation (HFC) structures. Stricter affordable-housing requirements, new compliance obligations and additional local government oversight could put valuable tax exemptions at risk, potentially reducing net operating income (NOI), property values and investment returns. 

Our latest white paper, "Texas House Bill 21: New Rules, New Risks," examines the law's implications for multifamily property owners, developers, investors and lenders, including key compliance requirements, critical deadlines and potential financial consequences. Fill out the form to download your free copy and learn how to assess HFC-related risks, protect investment value and navigate the changing regulatory landscape.