Texas Lawmakers Approve SB 15 to Lower Home Costs, Expand Supply

The Texas Senate has passed Senate Bill 15 (SB 15) with a 29-2 vote, aimed at addressing the housing affordability crisis by reducing regulatory barriers for developers. The bill prohibits cities in populous counties from enforcing lot size requirements over 1,400 square feet for new subdivisions, promoting the construction of smaller, affordable homes. It maintains protections for existing neighborhoods and aims to boost housing supply amid rising demand. The bill now moves to the Texas House for consideration, with further housing initiatives expected.