88R12499 JAM-D
By: Johnson S.J.R. No. 77
A JOINT RESOLUTION
proposing a constitutional amendment creating the workforce
housing fund to facilitate the development of affordable workforce
housing.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article III, Texas Constitution, is amended by
adding Section 68 to read as follows:
Sec. 68. (a) The workforce housing fund is created as a
special fund in the state treasury. Money in the fund may be used
only to provide grants and low-interest loans to municipalities for
the purposes of facilitating the development of affordable
workforce housing. The fund shall be administered by the Texas
Department of Housing and Community Affairs or that department's
successor in function.
(b) The fund consists of:
(1) money appropriated to the board for a purpose of
the fund;
(2) repayment of principal and interest from loans
made from the fund;
(3) money the board transfers to the fund from any
available source;
(4) depository interest allocable to the fund and
other investment returns on money in the fund;
(5) money from gifts, grants, or donations to the
fund; and
(6) any other fees or sources of revenue that the
legislature may dedicate for deposit to the fund.
(c) The legislature by general law shall provide for the
manner in which the assets of the workforce housing fund may be
used, subject to the limitations provided by this section. The
legislature by general law may provide for costs of investment of
the workforce housing fund to be paid from that fund.
(d) Money in the workforce housing fund is dedicated by this
constitution for purposes of Section 22, Article VIII, of this
constitution.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 7, 2023.
The ballot shall be printed to provide for voting for or against the
proposition: "The constitutional amendment creating the workforce
housing fund to facilitate the development of affordable workforce
housing."