Enrolled Bill Summary

House Bill 2281 amends the Government Code to require the Texas Department of Housing and Community Affairs to implement a program promoting the construction of affordable housing subdivisions for low and very low income home buyers. The act creates a builder incentive partnership program that requires the department to guarantee a negotiated portion of the purchase price for a certain number of homes that do not exceed $70,000. The program may include a cost plus profit structure as well as a guaranteed purchase arrangement. Builders are directed to market the homes directly to buyers who qualify for housing assistance, and homes built under this program are required to meet housing and design standards developed by the department.