Texas SB208 establishes a workforce housing capital investment fund to support the development of workforce housing for households earning between 30.
The bill creates the workforce housing capital investment fund program to provide zero-interest loans for the development and construction of workforce, single-family housing projects. The fund will be administered by a nonprofit housing organization designated as a Section 501(c)(3) organization by the Internal Revenue Service. The fund consists of gifts, grants, legislative appropriations, fees, loan repayments, and interest. Loan recipients must be nonprofit organizations that partner with organizations providing training opportunities to construction trade workforce members.
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