TX HB4505

Establishes the Workforce Housing Capital Investment Fund as a special fund in the state treasury to provide zero-interest loans for developing single-family housing for households earning 30-80% of area median income

Requires the Texas Department of Housing and Community Affairs to contract with a qualified 501(c)(3) nonprofit housing organization through competitive procurement to administer the program, with the nonprofit required to have statewide affiliates and at least 15 years of owner-builder housing experience

Loan funds may cover planning and design, land acquisition, impact fees and permits, flood mitigation, infrastructure (roads, sidewalks, utilities), and broadband services in unserved or underserved areas

Limits loan eligibility to Texas-incorporated nonprofits organized to build owner-occupied homes for households at 30-80% of area median income with at least 15 years of experience, with priority given to applicants partnering with construction trade workforce training organizations

Requires annual reporting on loan recipients and housing projects, posting of information on the department's website, and independent annual financial audits by a certified public accounting firm, with the effective date of September 1, 2025