The bill, H.B. No. 1810, proposes the establishment of a workforce housing program by the Texas Department of Housing and Community Affairs. This program aims to provide financial assistance to municipalities for the construction and rehabilitation of eligible workforce housing developments. The financial assistance can be in the form of grants or low-interest loans, and it is designed to support developments that reserve a specified percentage of units for individuals and families earning between 30% and 120% of the area median income. Additionally, these developments must maintain affordability for at least 20 years after receiving assistance.

To implement the program, the department is tasked with adopting rules that will determine eligibility criteria for municipalities, specify the percentage of units that must be reserved for low- to moderate-income families, and establish a scoring system for prioritizing developments. The bill also creates a workforce housing fund, which will consist of various sources of revenue, including appropriations, loan repayments, and donations. Financial assistance must be utilized within 36 months, and any unspent funds must be returned to the department. The act is set to take effect on September 1, 2025.

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