The bill establishes the Workforce Housing Capital Investment Fund Program, aimed at funding the development of workforce housing for households earning between 30% and 80% of the area median income in Texas. It introduces a new subchapter, Subchapter EE, to Chapter 2306 of the Government Code, which outlines the definitions, administration, and use of the fund. The fund will consist of various sources, including gifts, grants, legislative appropriations, and fees dedicated by the legislature. The program will provide zero-interest loans to qualified nonprofit organizations that meet specific criteria, including experience in building owner-occupied homes and providing training and technical support.

Additionally, the bill mandates the Texas Department of Housing and Community Affairs to adopt rules for implementing the program and requires the program administrator to submit annual reports detailing loan recipients and project progress. The program aims to stabilize the economy by increasing housing options and reducing the need for state services related to housing shortages. The act is set to take effect on September 1, 2025.

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