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A BILL TO BE ENTITLED
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AN ACT
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relating to the establishment of the housing Texas fund to be |
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administered by the Texas Department of Housing and Community |
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Affairs. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter I, Chapter 2306, Government Code, is |
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amended by adding Section 2306.208 to read as follows: |
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Sec. 2306.208. HOUSING TEXAS FUND. (a) In this section, |
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"fund" means the housing Texas fund. |
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(b) The housing Texas fund is created as a special fund in |
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the state treasury. The Texas Department of Housing and Community |
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Affairs shall administer the fund. |
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(c) The fund consists of: |
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(1) money appropriated to the board for a purpose of |
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the fund; |
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(2) money the board transfers to the fund from any |
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available source; |
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(3) depository interest allocable to the fund and |
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other investment returns on money in the fund; |
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(4) money from gifts, grants, or donations to the |
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fund; and |
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(5) any other fees or sources of revenue that the |
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legislature may dedicate for deposit to the fund. |
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(d) Money in the fund may be used only as provided by this |
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section. The department shall allocate annual expenditures from |
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the fund as follows: |
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(1) 90 percent shall be used to provide grants to |
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nonprofit developers of multifamily affordable housing to develop, |
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maintain, and manage rental housing for individuals and families of |
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low income; |
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(2) nine percent shall be used to provide grants to |
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nonprofit entities that have demonstrated proficiency, as |
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established by department rule, in obtaining and maintaining stable |
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housing placements for individuals and families who have recently |
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experienced homelessness; and |
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(3) one percent shall be used to provide grants to |
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nonprofit entities to be used as one-time expenditures to: |
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(A) prevent an individual or family from becoming |
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homeless; or |
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(B) facilitate the ability of an individual or |
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family experiencing homelessness to transition quickly into a |
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stable housing placement. |
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(e) The department shall allocate grants under Subsection |
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(d)(2) in a manner that prioritizes in descending order nonprofit |
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entities that primarily provide services to: |
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(1) families with: |
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(A) a child under the age of 18; or |
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(B) a dependent with a disability; |
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(2) individuals recently released from prison or jail |
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after serving a sentence of confinement; and |
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(3) adults who are experiencing homelessness and who |
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do not have children. |
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(f) The department by rule shall provide for the manner in |
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which the assets of the fund may be used, subject to the limitations |
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provided by this section. |
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SECTION 2. This Act takes effect September 1, 2025. |