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Senate approves measure to streamline office-to-housing conversions in large Texas cities
Summary
Senators passed a committee substitute to Senate Bill 2477 to remove regulatory barriers and make office-to-residential conversions easier in larger Texas cities, with an amendment preserving municipal authority to charge review fees and dedication requirements.
The Texas Senate passed a committee substitute for Senate Bill 2477 on May 8 that seeks to ease regulatory barriers for converting underused office buildings into mixed-use or multifamily residential housing in cities with populations of 50,000 or more in counties of at least 300,000.
Sponsor Senator Bettencourt said the bill is meant to "remove unnecessary regulatory barriers to make an office to residential conversions more feasible," citing vacancy rates approaching 25% in some cities and a…
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