The bill, H.B. No. 4607, amends Section 2306.6701 of the Government Code to enhance the low income housing tax credit program in Texas. It introduces new provisions that allow developments supported by a low income housing tax credit allocation to give occupancy preferences to teachers, school district employees, and their household members, provided that all other occupancy requirements under state and federal law are met. This change aims to address the challenges faced by these groups in finding suitable and affordable rental housing.

Additionally, the bill specifies that the new provisions will apply only to applications for low income housing tax credits submitted during the application cycle based on the 2026 qualified allocation plan or any subsequent plans. Applications submitted during earlier cycles will continue to be governed by the existing law. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Government Code 2306.6701 (Government Code 2306)