Texas HB1262 amends the Texas State Affordable Housing Corporation's purpose and programs to focus on providing affordable housing for low-income.

Texas HB1262 amends the Texas State Affordable Housing Corporation's purpose and programs to focus on providing affordable housing for low-income individuals and families. The corporation's primary public purpose is to facilitate the provision of housing by issuing bonds and making affordable loans. The bill specifies that the corporation's mortgage banking operations are dedicated to facilitating affordable housing development. It also outlines eligibility criteria for loans, including income limits and residency requirements. The changes take effect September 1, 2025.

Texas HB1262 amends the Texas State Affordable Housing Corporation's purpose and programs to focus on providing affordable housing for low-income.

Texas HB1262 amends the Texas State Affordable Housing Corporation's purpose and programs to focus on providing affordable housing for low-income individuals and families. The corporation's primary public purpose is to facilitate the provision of housing by issuing bonds and making affordable loans. The bill specifies that the corporation's mortgage banking operations are dedicated to facilitating affordable housing development. It also outlines eligibility criteria for loans, including income limits and residency requirements. The changes take effect September 1, 2025.