The bill establishes the Workforce Housing Capital Investment Fund Program in Texas, aimed at funding the development of workforce housing for households earning between 30% and 80% of the area median income. It creates a special fund outside the general revenue fund, which will consist of gifts, grants, legislative appropriations, fees, loan repayments, and interest earned. 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 outlines the administration of the program, requiring the Texas Department of Housing and Community Affairs to contract with a nonprofit housing organization to manage the fund. It mandates the preparation of annual reports detailing the program's activities and the completion status of funded projects. The department is also tasked with adopting rules to implement the program effectively. The act is set to take effect on September 1, 2025.

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