Texas SB2983 addresses homelessness and affordable housing in certain counties by repurposing land, using tax revenue, and restricting building in.
Texas SB2983 creates an affordable housing board to tackle homelessness and affordable housing in eligible counties. The board will establish an affordable housing fund, which consists of incremental tax revenue from eligible taxing units and donations. The fund can be used to award grants for projects that reduce homelessness and increase affordable housing. Municipalities cannot enact building restrictions that conflict with this act. The act takes effect September 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.