The resolution proposes a constitutional amendment to establish a Workforce Housing Fund in Texas, 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 managed by the Texas Department of Housing and Community Affairs. It will provide low-interest loans to developers specifically for the purpose of facilitating affordable housing projects. To support this initiative, the resolution includes a provision for the transfer of $2 billion from the state’s general revenue fund to the Workforce Housing Fund, with the transfer scheduled for January 1, 2026.

Additionally, the resolution outlines that the repayment of loans made from the fund, including principal and interest, will be credited back to the general revenue fund. The management expenses of the Workforce Housing Fund will be covered by the fund itself. The proposed amendment will be presented to voters in an election on November 4, 2025, allowing the public to decide on the creation of the fund and the associated financial transfer.