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HB 1342TEXASSession 89RState Billdead
Did Not Advance

Texas HB 1342 adjusts private activity bond priorities and income caps for residential rental projects

Original title: Relating to the issuance of private activity bonds for qualified residential rental projects.

Last action · May 13, 2025: Placed on General State CalendarSponsor: Barbara Gervin-Hawkins

Bill progressHistory & official text ↓
Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Proposed

Texas House Bill 1342 restructures the priority system for issuing for qualified residential rental projects and raises certain income and rent restriction caps from 60 to 80 percent of the , effective for the 2026 program year.

Why it matters

Developers and local housing agencies face modified criteria and higher income thresholds when competing for state bond allocations, directly altering which rental housing projects qualify for financing support.

Background
  • Private activity bonds are tax-exempt instruments issued by state and local governments to finance private projects of public utility, such as affordable residential rental housing developments. context
  • Chapter 1372 of the Texas Government Code governs the allocation of the state ceiling for private activity bonds. context

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Issuers of qualified residential rental project issues

Issuers must follow revised priority reservation rules and modified post-closing submission requirements when issuing bonds.

Directly affected

Families and individuals earning up to 80 percent of the area median income

Maximum allowable rent caps and tenant income limits for specific residential units in eligible projects are adjusted to 80 percent of the area median family income.

Directly affected

Texas Department of Housing and Community Affairs

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What changes does HB 1342 make to tenant income and rent caps?
The bill raises the maximum allowable rent and tenant income restriction caps from 60 percent to 80 percent of the for certain unit categories within qualifying residential rental projects.
What document submission requirement is removed by the bill?
The bill removes the requirement for issuers to submit evidence from the Texas Department of Housing and Community Affairs that a low-income housing tax credit award has been approved for the project after bond closure.

What else do you want to know?

News Coverage

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Where This Stands

This bill did not become law - Died at adjournment · on the House floor.

Procedural history

14 actions
  1. May 13, 2025House
    Placed on General State Calendar
  2. May 11, 2025House
    Considered in Calendars
  3. May 10, 2025House
    Committee report sent to Calendars
  4. May 10, 2025House
    Committee report distributed
  5. May 10, 2025House
    Comte report filed with Committee Coordinator
  6. May 7, 2025HouseCommittee
    Reported favorably w/o amendment(s)
Show 8 earlier actions
  1. May 7, 2025House
    Considered in formal meeting
  2. May 5, 2025House
    Left pending in committee
  3. May 5, 2025House
    Testimony taken/registration(s) recorded in committee
  4. May 5, 2025House
    Considered in public hearing
  5. May 5, 2025House
    Scheduled for public hearing on . . .
  6. Mar 10, 2025HouseCommittee
    Referred to Pensions, Investments & Financial Services
  7. Mar 10, 2025HouseIntroduced
    Read first time
  8. Nov 15, 2024HouseIntroduced
    Filed

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Barbara Gervin-HawkinsHouse · District 120DemocraticAuthor

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift98% confidence

Expansion of Income and Rent Caps

The bill shifts allowable rental and income thresholds from 60 percent to 80 percent of the area median family income across multiple priority project categories.

Connected Entities

Texas Department of Housing and Community Affairs, United States Bureau of the Census, Barbara Gervin-Hawkins and 1 more
OrganizationTexas Department of Housing and Community Affairs“Mentioned in prior law regarding low-income housing tax credits”Map →
OrganizationUnited States Bureau of the Census“Publishes census tract median income information”Map →
PersonBarbara Gervin-Hawkins“Bill author in the lower house”Map →
OrganizationUnited States Department of Housing and Urban Development“Establishes median family income levels for counties and metropolitan areas”Map →

Sources

Open source document

capitol.texas.gov

Analysis Score

0–100
  • Significance20
    Lowered because this bill did not pass (its text scored 65)
  • Controversy15
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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