Tex. Gov't Code § 1372.040
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
An issuer of qualified mortgage bonds, other than the Texas Department of Housing and Community Affairs or the Texas State Affordable Housing Corporation, shall reserve for six months 50 percent of the funds available for loans outside the federally designated target areas to provide mortgages to individuals and families with incomes below 80 percent of the applicable median family income, as defined by Section 143(f)(4), Internal Revenue Code (26 U.S.C. Section 143(f)(4)) .
Tex. Gov't. Code § 1372.040