S.B. No. 2983 is a legislative bill focused on addressing homelessness and affordable housing in specific counties in Texas. It proposes strategies such as repurposing land and utilizing tax revenues from that land, while also implementing building restrictions in designated municipalities. The bill amends Section 3151.002 of the Government Code to redefine the "Capitol view corridor," which now includes new geographical boundaries and specific elevation and coordinate points. Notably, it deletes the Pleasant Valley Road at Lakeshore Drive Corridor and introduces the East Eleventh Street Threshold Corridor, ensuring clarity in the definitions of these corridors.

In addition to the amendments regarding Capitol view corridors, the bill establishes an Affordable Housing Board responsible for tackling homelessness and affordable housing issues in eligible counties. This board will manage a grant program funded by incremental tax revenues from eligible taxing units, aimed at supporting various housing initiatives, including assistance for first responders and teachers. The bill also includes oversight provisions by the comptroller and offers a credit for school districts that contribute to the affordable housing fund, thereby reducing their required attendance credit purchase amount. The act is scheduled to take effect on September 1, 2025.

Statutes affected:
Introduced: Government Code 3151.002, Government Code 3151.053 (Government Code 3151)