Texas SB1944 amends housing tax credit allocation rules for developments in certain areas.

Texas SB1944 modifies the allocation of housing tax credits for developments within specific geographical areas. The bill applies to applications submitted to the Texas Department of Housing and Community Affairs starting with the 2026 qualified allocation plan. It allows the allocation of credits to multiple developments in a single community if the community is in a municipality with a population of two million or more, or in a federally declared disaster area, and the local governing body has authorized the credits.

Texas SB1944 amends housing tax credit allocation rules for developments in certain areas.

Texas SB1944 modifies the allocation of housing tax credits for developments within specific geographical areas. The bill applies to applications submitted to the Texas Department of Housing and Community Affairs starting with the 2026 qualified allocation plan. It allows the allocation of credits to multiple developments in a single community if the community is in a municipality with a population of two million or more, or in a federally declared disaster area, and the local governing body has authorized the credits.