Texas SB898 regulates the allocation of low income housing tax credits by the Texas Department of Housing and Community Affairs.

Texas SB898 amends the allocation of low income housing tax credits by the Texas Department of Housing and Community Affairs. The bill limits the allocation to an applicant to no more than $6 million in a single application round and to an individual development to no more than $3 million in a single application round. The changes apply to applications submitted during cycles based on the 2026 qualified allocation plan or later. Applications submitted during earlier cycles follow the law in effect at the start of the cycle. The bill takes effect September 1, 2025.

Texas SB898 regulates the allocation of low income housing tax credits by the Texas Department of Housing and Community Affairs.

Texas SB898 amends the allocation of low income housing tax credits by the Texas Department of Housing and Community Affairs. The bill limits the allocation to an applicant to no more than $6 million in a single application round and to an individual development to no more than $3 million in a single application round. The changes apply to applications submitted during cycles based on the 2026 qualified allocation plan or later. Applications submitted during earlier cycles follow the law in effect at the start of the cycle. The bill takes effect September 1, 2025.