TX SB208

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 loan program

Loan funds may be used for planning and design, land acquisition, impact fees and permits, flood mitigation, water quality controls, and infrastructure costs including roads, utilities, and broadband

Eligible loan applicants must be Texas-incorporated nonprofits with at least 15 years of experience building owner-occupied homes for households earning 30-80% of area median income

Requires annual reporting on loan recipients and funded projects, annual independent financial audits of the program administrator, and public posting of program information on the department's website