H.B. No. 2142 mandates the Texas Department of Housing and Community Affairs to conduct a study on the feasibility of utilizing specific models to address homelessness in Texas. The study will focus on partnerships with institutions of higher education, private entities, and local governments, and will explore the implementation of small dwelling units and community development services provided through educational programs. The department is required to submit a written report to the governor, lieutenant governor, and legislature by December 31, 2026, detailing the study's findings and any recommendations for legislative or other actions.

The bill also establishes a timeline for its implementation, with an expiration date set for September 1, 2027, and it will take effect on September 1, 2025. This legislative initiative aims to create a collaborative approach to tackling homelessness by leveraging educational resources and community partnerships.