Texas HB1865 modifies the allocation of low income housing tax credits by the Texas Department of Housing and Community Affairs.

Texas HB1865 amends the allocation of low income housing tax credits by the Texas Department of Housing and Community Affairs. The bill sets a cap of $6 million for housing tax credits in a single application round and $3 million for individual developments. It applies to applications submitted during the 2026 qualified allocation plan or later, while earlier plans follow existing laws. The changes take effect on September 1, 2025.

Texas HB1865 modifies the allocation of low income housing tax credits by the Texas Department of Housing and Community Affairs.

Texas HB1865 amends the allocation of low income housing tax credits by the Texas Department of Housing and Community Affairs. The bill sets a cap of $6 million for housing tax credits in a single application round and $3 million for individual developments. It applies to applications submitted during the 2026 qualified allocation plan or later, while earlier plans follow existing laws. The changes take effect on September 1, 2025.