Proposing a constitutional amendment to create a workforce housing fund with $2 billion for affordable housing development.

This bill proposes a constitutional amendment to create the workforce housing fund, a special fund in the state treasury. The fund will provide low-interest loans to developers for affordable workforce housing. Administered by the Texas Department of Housing and Community Affairs, the fund will receive $2 billion from the state general revenue fund. The repayment of loans will return to the general revenue fund. The amendment will be voted on by Texas voters in November 2025.

Proposing a constitutional amendment to create a workforce housing fund with $2 billion for affordable housing development.

This bill proposes a constitutional amendment to create the workforce housing fund, a special fund in the state treasury. The fund will provide low-interest loans to developers for affordable workforce housing. Administered by the Texas Department of Housing and Community Affairs, the fund will receive $2 billion from the state general revenue fund. The repayment of loans will return to the general revenue fund. The amendment will be voted on by Texas voters in November 2025.