Committee hears plan for revolving workforce-housing loan fund to help nonprofit builders

Senator Royce West presented Senate Bill 208 to the Committee on Local Government as a response to a state housing affordability crisis. The bill would establish a Workforce Housing Capital Investment Fund, administered by the Texas Department of Housing and Community Affairs (TDHCA) through a competitively chosen nonprofit administrator, to provide zero-interest loans to eligible nonprofit builders for development costs associated with subdividing and building housing for households earning 30–80% of area median income.