Proposing a constitutional amendment to create the workforce housing fund for affordable housing development.

This bill proposes a constitutional amendment to create the workforce housing fund in the Texas state treasury. The fund will be used to provide grants and low-interest loans to municipalities for affordable workforce housing development. The fund will be administered by the Texas Department of Housing and Community Affairs or its successor. The fund will consist of appropriations, loan repayments, transfers from other sources, depository interest, gifts, grants, donations, and other dedicated fees or revenue. The amendment will be submitted to voters on November 4, 2025.

Proposing a constitutional amendment to create the workforce housing fund for affordable housing development.

This bill proposes a constitutional amendment to create the workforce housing fund in the Texas state treasury. The fund will be used to provide grants and low-interest loans to municipalities for affordable workforce housing development. The fund will be administered by the Texas Department of Housing and Community Affairs or its successor. The fund will consist of appropriations, loan repayments, transfers from other sources, depository interest, gifts, grants, donations, and other dedicated fees or revenue. The amendment will be submitted to voters on November 4, 2025.