House Bill No. 4601 proposes the establishment of a down payment assistance grant program specifically for veterans purchasing manufactured homes. The bill introduces a new section, 162.0105, to the Natural Resources Code, which outlines the program's framework, including eligibility criteria for veterans, the administration of grants, and the establishment of a manufactured home grant fund. The fund will be financed through a dedicated allocation of 10 percent of sales and use tax revenue, as specified in the newly added Section 158.059 of the Tax Code. This allocation will ensure that funds are available for awarding grants to eligible veterans, with provisions for managing the fund and ensuring compliance with the program's objectives.

Additionally, the bill stipulates that grants can only be awarded to veterans who occupy the manufactured home as their principal residence for a minimum of three years, with certain conditions allowing for waivers of this requirement. The board responsible for administering the program will also set income limits and grant values through rule-making. The act is set to take effect on September 1, 2025, and aims to enhance housing affordability for veterans in Texas.

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