Bill Summary

HB 1425 Resale-restricted Affordable Housing (2025 Session)
by Gerwig Co Sponsors: Chamberlin
Resale-restricted Affordable Housing: Requires that resale-restricted affordable housing be assessed under specified law; specifies that resale-restricted affordable housing is land-use regulation & subject to certain limitation; requires property appraiser to consider such limitation to arrive at just valuation; requires owners of resale-restricted affordable housing to submit specified application to property appraiser. Effective Date: July 1, 2025
02/28/25
HOUSE 
Filed
03/05/25
HOUSE 
Referred to Ways & Means Committee; Housing, Agriculture & Tourism Subcommittee; Commerce Committee
03/05/25
HOUSE 
Now in Ways & Means Committee
1425
Filed on 02/28/25
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