TX HB1262

Expands the Texas State Affordable Housing Corporation's mission to explicitly include serving persons eligible for the home loan program under Section 2306.5621, alongside individuals and families of low, very low, and extremely low income

Increases the income eligibility limit for the home loan program for public servants (firefighters, peace officers, corrections officers, veterans, educators, EMS personnel, nurses) from 115% to 140% of area median family income

Requires the corporation's mortgage banking operations to dedicate services to both low-income families and persons eligible for the public servant home loan program

Mandates the corporation work with banks, thrifts, mortgage companies, and nonprofits to originate loans and assist lenders in providing credit to eligible populations

Takes effect September 1, 2025