LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 14, 2025 TO: Honorable Cecil Bell, Chair, House Committee on Intergovernmental Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4505 by Bell, Cecil (Relating to the establishment of the workforce housing capital investment fund program to fund the development of workforce housing in this state; authorizing a fee.), As Introduced The fiscal implications of the bill cannot be determined because the amount and timing of legislative appropriations and other amounts that the Workforce Housing Capital Investment Fund Program would consist of and the amount and timing of loans that would be disbursed from the fund are unknown. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. The bill would amend Chapter 2306 of Government Code to establish the Workforce Housing Capital Investment Fund as a special fund in the state treasury outside the general revenue fund. The bill would direct the Texas Department of Housing and Community Affairs (TDHCA) to contract with a nonprofit housing organization to administer the Workforce Housing Capital Investment Fund Program. The bill would require TDHCA to provide money from the fund to the program administrator to make zero-interest loans to program recipients to pay the costs associated with the development and construction of workforce, single-family housing projects primarily for households that earn between 30 and 80 percent of the area median income. Based on information provided by TDHCA, it is assumed any costs or duties associated with administering the program could be absorbed within existing resources. Because the amounts and timing of legislative appropriations and other authorized revenue sources that would comprise the fund are unknown, the fiscal implications of the bill cannot be determined. The bill would take effect on September 1, 2025. Note: This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either in, with, or outside the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 332 Department of Housing and Community Affairs LBB Staff: b > td > JMc, SZ, GDZ, DPE
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 14, 2025
TO: Honorable Cecil Bell, Chair, House Committee on Intergovernmental Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4505 by Bell, Cecil (Relating to the establishment of the workforce housing capital investment fund program to fund the development of workforce housing in this state; authorizing a fee.), As Introduced
TO: Honorable Cecil Bell, Chair, House Committee on Intergovernmental Affairs
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB4505 by Bell, Cecil (Relating to the establishment of the workforce housing capital investment fund program to fund the development of workforce housing in this state; authorizing a fee.), As Introduced
Honorable Cecil Bell, Chair, House Committee on Intergovernmental Affairs
Honorable Cecil Bell, Chair, House Committee on Intergovernmental Affairs
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB4505 by Bell, Cecil (Relating to the establishment of the workforce housing capital investment fund program to fund the development of workforce housing in this state; authorizing a fee.), As Introduced
HB4505 by Bell, Cecil (Relating to the establishment of the workforce housing capital investment fund program to fund the development of workforce housing in this state; authorizing a fee.), As Introduced
The fiscal implications of the bill cannot be determined because the amount and timing of legislative appropriations and other amounts that the Workforce Housing Capital Investment Fund Program would consist of and the amount and timing of loans that would be disbursed from the fund are unknown. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
The fiscal implications of the bill cannot be determined because the amount and timing of legislative appropriations and other amounts that the Workforce Housing Capital Investment Fund Program would consist of and the amount and timing of loans that would be disbursed from the fund are unknown. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
The bill would amend Chapter 2306 of Government Code to establish the Workforce Housing Capital Investment Fund as a special fund in the state treasury outside the general revenue fund. The bill would direct the Texas Department of Housing and Community Affairs (TDHCA) to contract with a nonprofit housing organization to administer the Workforce Housing Capital Investment Fund Program. The bill would require TDHCA to provide money from the fund to the program administrator to make zero-interest loans to program recipients to pay the costs associated with the development and construction of workforce, single-family housing projects primarily for households that earn between 30 and 80 percent of the area median income. Based on information provided by TDHCA, it is assumed any costs or duties associated with administering the program could be absorbed within existing resources. Because the amounts and timing of legislative appropriations and other authorized revenue sources that would comprise the fund are unknown, the fiscal implications of the bill cannot be determined. The bill would take effect on September 1, 2025. Note: This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either in, with, or outside the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.
The bill would amend Chapter 2306 of Government Code to establish the Workforce Housing Capital Investment Fund as a special fund in the state treasury outside the general revenue fund. The bill would direct the Texas Department of Housing and Community Affairs (TDHCA) to contract with a nonprofit housing organization to administer the Workforce Housing Capital Investment Fund Program. The bill would require TDHCA to provide money from the fund to the program administrator to make zero-interest loans to program recipients to pay the costs associated with the development and construction of workforce, single-family housing projects primarily for households that earn between 30 and 80 percent of the area median income. Based on information provided by TDHCA, it is assumed any costs or duties associated with administering the program could be absorbed within existing resources. Because the amounts and timing of legislative appropriations and other authorized revenue sources that would comprise the fund are unknown, the fiscal implications of the bill cannot be determined. The bill would take effect on September 1, 2025.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts, 332 Department of Housing and Community Affairs
304 Comptroller of Public Accounts, 332 Department of Housing and Community Affairs
LBB Staff: b > td > JMc, SZ, GDZ, DPE
JMc, SZ, GDZ, DPE