The proposed joint resolution, S.J.R. No. 75, seeks to amend the Texas Constitution by establishing a workforce housing fund aimed at promoting the development of affordable workforce housing. This fund will be created as a special fund within the state treasury and will be exclusively used to provide low-interest loans to developers for affordable housing projects. The Texas Department of Housing and Community Affairs will oversee the administration of the fund. Additionally, the resolution stipulates that $2 billion will be transferred from the state’s general revenue to this fund on January 1, 2026, with the provision that repayments from loans made through the fund will be credited back to the general revenue fund.

The resolution also outlines that the management expenses of the workforce housing fund will be covered by the fund itself, and the legislature will establish regulations regarding the use of the fund's assets. This constitutional amendment is set to be presented to voters during the election on November 4, 2025, allowing the public to decide on the creation of the workforce housing fund and the associated financial transfer from the state general revenue.