Bucy Housing Fund Bill Sends Every Dollar To Nonprofits

The text as introduced · 449 words

90R1763 JAM-D

By: Bucy
H.B. No. 521

A BILL TO BE ENTITLED

AN ACT

relating to the establishment of the housing Texas fund to be

administered by the Texas Department of Housing and Community

Affairs.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Subchapter I, Chapter 2306, Government Code, is

amended by adding Section 2306.208 to read as follows:

Sec. 2306.208. HOUSING TEXAS FUND. (a) In this section,

"fund" means the housing Texas fund.

(b) The housing Texas fund is created as a special fund in

the state treasury. The Texas Department of Housing and Community

Affairs shall administer the fund.

(c) The fund consists of:

(1) money appropriated to the board for a purpose of

the fund;

(2) money the board transfers to the fund from any

available source;

(3) depository interest allocable to the fund and

other investment returns on money in the fund;

(4) money from gifts, grants, or donations to the

fund; and

(5) any other fees or sources of revenue that the

legislature may dedicate for deposit to the fund.

(d) Money in the fund may be used only as provided by this

section. The department shall allocate annual expenditures from

the fund as follows:

(1) 70 percent shall be used to provide grants to

nonprofit developers of multifamily affordable housing to develop,

maintain, and manage rental housing for individuals and families of

low income;

(2) 29 percent shall be used to provide grants to

nonprofit entities that have demonstrated proficiency, as

established by department rule, in obtaining and maintaining stable

housing placements for individuals and families who have recently

experienced homelessness; and

(3) one percent shall be used to provide grants to

nonprofit entities to be used as one-time expenditures to:

(A) prevent an individual or family from becoming

homeless; or

(B) facilitate the ability of an individual or

family experiencing homelessness to transition quickly into a

stable housing placement.

(e) The department shall allocate grants under Subsection

(d)(2) in a manner that prioritizes in descending order nonprofit

entities that primarily provide services to:

(1) families with:

(A) a child under the age of 18; or

(B) a dependent with a disability;

(2) children under the age of 18 who are experiencing

homelessness and who are not together with their family;

(3) individuals recently released from prison or jail

after serving a sentence of confinement; and

(4) individuals who are experiencing homelessness and

who are not otherwise described by this subsection.

(f) The department by rule shall provide for the manner in

which the assets of the fund may be used, subject to the limitations

provided by this section.

SECTION 2. This Act takes effect September 1, 2027.