TX HB492

Adds a new eligibility restriction for the Low Income Housing Tax Credit (LIHTC) program, making developments ineligible if they are not located within two miles of a grocery store

Amends Section 2306.6703(a) of the Texas Government Code to include the grocery store proximity requirement alongside existing ineligibility criteria

Applies only to LIHTC applications submitted during application cycles based on the 2026 qualified allocation plan or subsequent plans adopted by the Texas Department of Housing and Community Affairs

Applications submitted under earlier qualified allocation plans remain governed by the law in effect when that application cycle began

Takes effect September 1, 2025