Texas § 2306.202 USE OF HOUSING TRUST FUND.

Texas Statutes

§ 2306.202 — USE OF HOUSING TRUST FUND.

Texas § 2306.202

Code GVGovernment Code

This text of Texas § 2306.202 (USE OF HOUSING TRUST FUND.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 2306.202 (2026).

Text

Sec. 2306.202. USE OF HOUSING TRUST FUND.

(a)The department, through the housing finance division, shall use the housing trust fund to provide loans, grants, or other comparable forms of assistance to local units of government, public housing authorities, nonprofit organizations, and income-eligible individuals, families, and households to finance, acquire, rehabilitate, and develop decent, safe, and sanitary housing. In each biennium the first $2.6 million available through the housing trust fund for loans, grants, or other comparable forms of assistance shall be set aside and made available exclusively for local units of government, public housing authorities, and nonprofit organizations. Any additional funds may also be made available to for-profit organizations provided that at least

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 2306.202. USE OF HOUSING TRUST FUND. (a) The department, through the housing finance division, shall use the housing trust fund to provide loans, grants, or other comparable forms of assistance to local units of government, public housing authorities, nonprofit organizations, and income-eligible individuals, families, and households to finance, acquire, rehabilitate, and develop decent, safe, and sanitary housing. In each biennium the first $2.6 million available through the housing trust fund for loans, grants, or other comparable forms of assistance shall be set aside and made available exclusively for local units of government, public housing authorities, and nonprofit organizations. Any additional funds may also be made available to for-profit organizations provided that at least 45 percent of available funds, as determined on September 1 of each state fiscal year, in excess of the first $2.6 million shall be made available to nonprofit organizations for the purpose of acquiring, rehabilitating, and developing decent, safe, and sanitary housing. The remaining portion shall be distributed to nonprofit organizations, for-profit organizations, and other eligible entities. Notwithstanding any other section of this chapter, but subject to the limitations in Section 2306.251 (c), the department may also use the fund to acquire property to endow the fund.
(b) Use of the fund is limited to providing:
(1) assistance for individuals and families of low and very low income;
(2) technical assistance and capacity building to nonprofit organizations engaged in developing housing for individuals and families of low and very low income; and
(3) security for repayment of revenue bonds issued to finance housing for individuals and families of low and very low income.

Legislative History

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1997, 75th Leg., ch. 980, Sec. 30, eff. Sept. 1, 1997. Amended by: Acts 2009, 81st Leg., R.S., Ch. 1365 (S.B. 679 ), Sec. 2, eff. June 19, 2009.