TX HB2904

Caps rent increases for affordable housing (for households earning 70% or less of area median income) at 5% between lease terms for both residential dwellings and manufactured home lots

Caps rent increases for non-affordable housing at 10% between lease terms, unless the property underwent major renovation in the preceding 12 months

Requires landlords who raise rent by the maximum allowed amount to provide tenants a written explanation describing the economic conditions, renovations, or circumstances necessitating the increase

Establishes penalties for violations: landlords are liable for three times the amount charged above the authorized increase, plus the tenant's actual damages, with each rental period counting as a separate violation

Applies only to leases entered into or renewed on or after January 1, 2026