TX HB2937

Housing finance corporations sponsored by a municipality are limited to operating within the jurisdictional boundaries of that municipality, while county-sponsored corporations are restricted to unincorporated areas of the sponsoring county

Corporations sponsored by multiple local governments may only operate within the jurisdictional boundaries of municipal sponsors and unincorporated areas of county sponsors combined

Removes authority for housing finance corporations to delegate powers to the Texas Department of Housing and Community Affairs for activities outside their jurisdiction

Tax and fee exemptions for housing finance corporations now apply only to properties located within the corporation's authorized area of operation as defined by the new geographic limitations

New restrictions apply only to powers exercised after the effective date; existing arrangements remain governed by prior law, and tax provisions apply only to developments acquired or receiving certificates of occupancy after the effective date