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TX HB1810
Bill
Status
1/10/2025
Primary Sponsor
Vikki Goodwin
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AI Summary
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Texas Department of Housing and Community Affairs must establish a workforce housing program to provide grants and low-interest loans to municipalities for constructing and rehabilitating workforce housing developments
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Eligible developments must reserve units for individuals and families earning between 30% and 120% of the area median income, adjusted for family size
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Affordability requirements must be maintained for at least 20 years after receiving financial assistance
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Creates the workforce housing fund as a special account in the state treasury, funded by appropriations, loan repayments, transfers, investment returns, and gifts or grants
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Financial assistance must be spent within 36 months of receipt, with unspent funds returned to the department and redeposited into the fund
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Effective date: September 1, 2025
Legislative Description
Relating to the establishment of the workforce housing program by the Texas Department of Housing and Community Affairs.
State Finances
Last Action
Referred to Intergovernmental Affairs
3/14/2025