Texas 2025 - 89th Regular

Texas House Bill HB1810 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	89R7677 JAM-D
2	2	By: Goodwin H.B. No. 1810
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7	7	A BILL TO BE ENTITLED
8	8	AN ACT
9	9	relating to the establishment of the workforce housing program by
10	10	the Texas Department of Housing and Community Affairs.
11	11	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
12	12	SECTION 1. Subchapter K, Chapter 2306, Government Code, is
13	13	amended by adding Section 2306.2595 to read as follows:
14	14	Sec. 2306.2595. WORKFORCE HOUSING PROGRAM. (a) In this
15	15	section:
16	16	(1) "Fund" means the workforce housing fund.
17	17	(2) "Program" means the workforce housing program.
18	18	(b) The department shall establish the workforce housing
19	19	program to provide financial assistance to participating
20	20	municipalities to facilitate the construction and rehabilitation
21	21	of eligible workforce housing developments in those
22	22	municipalities. Financial assistance may be awarded from the fund
23	23	described by Subsection (e) to eligible developments in the form of
24	24	grants or low-interest loans for the purposes described by this
25	25	section and must be prorated, to the extent practicable, according
26	26	to the size of the participating municipality.
27	27	(c) To be eligible for financial assistance awarded by a
28	28	participating municipality under the program, a workforce housing
29	29	development must:
30	30	(1) consist of new construction or a substantial
31	31	rehabilitation of an existing facility;
32	32	(2) reserve a specified percentage of the units in the
33	33	development for occupancy of individuals and families earning:
34	34	(A) not less than 30 percent of the area median
35	35	income, adjusted for family size; and
36	36	(B) not more than 120 percent of the area median
37	37	income, adjusted for family size; and
38	38	(3) maintain the affordability requirements described
39	39	by Subdivision (2) for a period of not less than 20 years following
40	40	the date of receipt of financial assistance under this section.
41	41	(d) The department shall adopt rules to implement the
42	42	program, including rules that:
43	43	(1) provide criteria for determining which
44	44	municipalities may participate in the program;
45	45	(2) specify the percentage of units that a workforce
46	46	housing development must reserve to satisfy the affordability
47	47	requirements under Subsection (c)(2), to demonstrate eligibility
48	48	for financial assistance under the program; and
49	49	(3) provide a scoring system to be used by a
50	50	municipality to prioritize developments that are eligible for
51	51	financial assistance under the program.
52	52	(e) The workforce housing fund is a special account in the
53	53	state treasury. The fund consists of:
54	54	(1) money appropriated to the board for a purpose of
55	55	the fund;
56	56	(2) repayment of principal and interest from loans
57	57	made from the fund;
58	58	(3) money the board transfers to the fund from any
59	59	available source;
60	60	(4) depository interest allocable to the fund and
61	61	other investment returns on money in the fund;
62	62	(5) money from gifts, grants, or donations to the
63	63	fund; and
64	64	(6) any other fees or sources of revenue that the
65	65	legislature may dedicate for deposit to the fund.
66	66	(f) Financial assistance provided from the fund to an
67	67	eligible workforce housing development must be spent by the
68	68	recipient on the development not later than 36 months after the date
69	69	the assistance is received.
70	70	(g) Money provided from the fund that is not spent as
71	71	required by Subsection (f) must be returned to the department and
72	72	deposited to the credit of the fund.
73	73	SECTION 2. This Act takes effect September 1, 2025.