89R5747 JAM-D     By: Bucy H.B. No. 2016       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)  90 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)  nine 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)  individuals recently released from prison or jail   after serving a sentence of confinement; and                (3)  adults who are experiencing homelessness and who   do not have children.          (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, 2025.