Loading chat...
TX SJR75
Joint Resolution
Status
3/13/2025
Primary Sponsor
Nathan Johnson
Click for details
AI Summary
-
Creates the workforce housing fund as a special fund in the state treasury to facilitate development of affordable workforce housing
-
Fund money may only be used to provide low-interest loans to developers for affordable workforce housing projects
-
Transfers $2 billion from the state's general revenue fund to the workforce housing fund on January 1, 2026
-
Texas Department of Housing and Community Affairs will administer the fund, with loan repayments deposited back into the general revenue fund
-
Proposed constitutional amendment would be submitted to voters at an election on November 4, 2025
Legislative Description
Proposing a constitutional amendment creating the workforce housing fund to facilitate the development of affordable workforce housing and transferring to that fund $2 billion from state general revenue.
State Finances
Last Action
Referred to Local Government
3/25/2025