H.B. No. 1129 amends the Government Code to expand the eligibility criteria for the Homes for Texas Heroes home loan program to include mental health professionals. Specifically, the bill adds "mental health professional" to the definitions of eligible borrowers, alongside existing categories such as fire fighters, peace officers, and professional educators. The bill also defines "mental health professional" in detail, referencing various sections of the Occupations Code and Education Code to clarify the qualifications required for this designation.
Additionally, the bill outlines that the corporation responsible for administering the loan program will establish rules for the program's operation, including the verification of occupancy and the criteria for approving mortgage lenders. It allows the corporation to utilize proceeds from the sale of bonds and other obligations to fund loans for the newly included categories of eligible borrowers. The act is set to take effect immediately upon receiving a two-thirds vote from both houses of the legislature or on September 1, 2025, if such a vote is not achieved.
Statutes affected: Introduced: Government Code 2306.5621 (Government Code 2306)