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 percent of the area median income. The program is designed to provide zero-interest loans to qualified nonprofit organizations that will use the funds for various costs associated with developing single-family housing projects. The fund will be supported by gifts, grants, donations, legislative appropriations, and any fees dedicated by the legislature. The program will be administered by a nonprofit housing organization contracted by the Texas Department of Housing and Community Affairs.

Key provisions of the bill include the creation of a special fund outside the general revenue fund, the establishment of definitions for terms related to the program, and the requirement for an annual report on the program's activities. The bill also mandates that the program administrator conduct an independent financial audit annually to ensure compliance with the fund's intended purposes. The Texas Department of Housing and Community Affairs is tasked with adopting rules to implement the program, which is set to take effect on September 1, 2025.

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