TX SB368

Allows housing developments receiving low income housing tax credit allocations to give occupancy preference to teachers and other school district employees where the development is located, as well as their household members

Requires that all other state and federal occupancy requirements must still be satisfied when granting such preferences

Aligns the occupancy preference provision with Section 42(g)(9) of the Internal Revenue Code of 1986

Applies only to applications for low income housing tax credits submitted during the 2026 qualified allocation plan cycle or later

Takes effect September 1, 2025