TX SB898

Increases the maximum low income housing tax credit allocation for an individual development from $2 million to $3 million per application round

Maintains the existing $6 million cap on total housing tax credits that can be allocated to a single applicant in one application round

Applies only to applications submitted under 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 subject to the previous $2 million per-development limit

Takes effect September 1, 2025