Relating to housing finance corporations; authorizing a fee.

Updated income thresholds and definitions for affordable housing units, changing from 'low and moderate income' language to specific percentages of area median income (50%, 60%, 80%, and 100%).

Added new audit requirements mandating annual compliance audits for multifamily developments claiming tax exemptions, with specific reporting deadlines and consequences for noncompliance.

Added tenant protection provisions including non-retaliation clauses, lease renewal protections, and requirements for affirmative marketing to voucher holders.

Established a formal process for the Texas Department of Housing and Community Affairs to enforce compliance, including notice periods, corrective action options, and potential loss of tax exemptions.

Revised bond issuance requirements to ensure funds are used only for developments within approved geographic areas or with proper governmental approvals.

Created new definitions for income categories (very low, lower, moderate, and middle income housing units) to standardize affordable housing classifications.

Updated formatting and numbering of sections throughout the Local Government Code chapters to improve clarity and organization.