The bill, introduced by Representative Raymond, mandates the Texas Department of Housing and Community Affairs to conduct a study on the feasibility of utilizing surplus government property to provide housing for veterans and low-income families. The study will involve evaluating the availability of such properties in Texas and assessing the potential for developing housing units on them. Additionally, the department is tasked with identifying various funding sources for these housing projects, which may include federal tax credits, corporate donations, and tenant rent payments. The department is also encouraged to consult with local housing authorities and experts in affordable housing.

The bill requires the department to submit a written report summarizing the study's findings to the legislature by November 1, 2026, and it establishes an expiration date for the Act on September 1, 2027. The effective date for the Act is set for September 1, 2025.