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TX SB2983
Bill
Status
3/14/2025
Primary Sponsor
Tan Parker
Click for details
AI Summary
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Eliminates five Capitol view corridors in Austin, including the Pleasant Valley Road at Lakeshore Drive Corridor, North-Bound Lanes of Interstate Highway 35 corridors, and Longhorn Shores Corridor, reducing the total number from 30 to 25
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Prohibits municipalities from enacting building restrictions related to Capitol views beyond the state-defined Capitol view corridors
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Creates a new Affordable Housing Board consisting of three governor-appointed members with homelessness/housing experience plus one member from each participating taxing unit
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Establishes an Affordable Housing Fund that collects incremental property tax revenue from former Capitol view corridor areas, with the tax increment base set at January 1, 2025 property values
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Authorizes grants from the fund for mortgage/down payment assistance to first responders and teachers, construction of housing for homeless individuals, and relocating homeless facilities from downtown and business districts in eligible counties
Legislative Description
Relating to strategies to address homelessness and affordable housing in certain counties, including the repurposing of land located in those counties, the use of certain tax revenue attributable to that land, and building restrictions in certain municipalities.
State Finances
Last Action
Referred to Local Government
4/7/2025