The bill proposes the establishment of the Texas Tenant Readiness and Landlord Incentive Pilot Program, which will be implemented by the Texas Department of Housing and Community Affairs. This program aims to provide funding and support to local governmental entities and nonprofit organizations to assist individuals and families experiencing homelessness, fleeing domestic violence, or at high risk of housing instability. The program will allow selected entities to offer financial assistance, not exceeding $3,500 per household, to cover various costs associated with obtaining housing, such as initial housing searches, security deposits, utility services, and moving expenses. Additionally, the program may include incentives for landlords who participate.

The bill also includes provisions for the department to report on the program's outcomes by January 1, 2030, detailing demographic information, financial assistance usage, housing outcomes, and experiences of the administering entities. Furthermore, it amends the definition of "residential development" in the Local Government Code by removing a reference to the new program. The bill is set to take effect on September 1, 2025, and will expire on September 1, 2030.

Statutes affected:
Introduced: Local Government Code 394.003 (Local Government Code 394)