Bill Text: TX HB2016 | 2025-2026 | 89th Legislature | Introduced
Bill Title: Relating to the establishment of the housing Texas fund to be administered by the Texas Department of Housing and Community Affairs.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2025-01-22 - Filed [HB2016 Detail]
Download: Texas-2025-HB2016-Introduced.html
| 89R5747 JAM-D | ||
| By: Bucy | H.B. No. 2016 | |
|
|
||
|
|
||
| relating to the establishment of the housing Texas fund to be | ||
| administered by the Texas Department of Housing and Community | ||
| Affairs. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter I, Chapter 2306, Government Code, is | ||
| amended by adding Section 2306.208 to read as follows: | ||
| Sec. 2306.208. HOUSING TEXAS FUND. (a) In this section, | ||
| "fund" means the housing Texas fund. | ||
| (b) The housing Texas fund is created as a special fund in | ||
| the state treasury. The Texas Department of Housing and Community | ||
| Affairs shall administer the fund. | ||
| (c) The fund consists of: | ||
| (1) money appropriated to the board for a purpose of | ||
| the fund; | ||
| (2) money the board transfers to the fund from any | ||
| available source; | ||
| (3) depository interest allocable to the fund and | ||
| other investment returns on money in the fund; | ||
| (4) money from gifts, grants, or donations to the | ||
| fund; and | ||
| (5) any other fees or sources of revenue that the | ||
| legislature may dedicate for deposit to the fund. | ||
| (d) Money in the fund may be used only as provided by this | ||
| section. The department shall allocate annual expenditures from | ||
| the fund as follows: | ||
| (1) 90 percent shall be used to provide grants to | ||
| nonprofit developers of multifamily affordable housing to develop, | ||
| maintain, and manage rental housing for individuals and families of | ||
| low income; | ||
| (2) nine percent shall be used to provide grants to | ||
| nonprofit entities that have demonstrated proficiency, as | ||
| established by department rule, in obtaining and maintaining stable | ||
| housing placements for individuals and families who have recently | ||
| experienced homelessness; and | ||
| (3) one percent shall be used to provide grants to | ||
| nonprofit entities to be used as one-time expenditures to: | ||
| (A) prevent an individual or family from becoming | ||
| homeless; or | ||
| (B) facilitate the ability of an individual or | ||
| family experiencing homelessness to transition quickly into a | ||
| stable housing placement. | ||
| (e) The department shall allocate grants under Subsection | ||
| (d)(2) in a manner that prioritizes in descending order nonprofit | ||
| entities that primarily provide services to: | ||
| (1) families with: | ||
| (A) a child under the age of 18; or | ||
| (B) a dependent with a disability; | ||
| (2) individuals recently released from prison or jail | ||
| after serving a sentence of confinement; and | ||
| (3) adults who are experiencing homelessness and who | ||
| do not have children. | ||
| (f) The department by rule shall provide for the manner in | ||
| which the assets of the fund may be used, subject to the limitations | ||
| provided by this section. | ||
| SECTION 2. This Act takes effect September 1, 2025. | ||
