The bill, S.B. No. 1155, aims to protect tenants residing in developments supported by low-income housing tax credits by prohibiting any increase in their rent during the duration of their lease agreements. It amends Section 2306.6738(a) of the Government Code to include new provisions that prevent development owners from increasing rent, except under specific circumstances related to voucher programs under the Section 8 of the United States Housing Act of 1937 or similar rental subsidy programs.

Additionally, the bill clarifies that development owners cannot lock out tenants or seize their personal property without judicial process, with exceptions for necessary repairs, emergencies, or abandonment of the premises. The changes will apply only to lease agreements entered into or renewed on or after the effective date of the Act, which is set for September 1, 2025.

Statutes affected:
Introduced: Government Code 2306.6738 (Government Code 2306)