Relating to the establishment of the housing Texas fund to be administered by the Texas Department of Housing and Community Affairs.

HB 78 creates the Housing Texas Fund within the state treasury, administered by the Texas Department of Housing and Community Affairs. The fund will provide grants to nonprofits for three specific purposes: 90% for developing/maintaining low-income multifamily rental housing, 9% for helping homeless individuals/families secure stable housing (prioritizing families with children or disabilities, formerly incarcerated individuals, and homeless adults without children), and 1% for preventing homelessness or helping those experiencing homelessness transition to stable housing. Money in the fund comes from state appropriations, transfers, investments, gifts, and dedicated fees. The bill outlines specific allocation rules but does not change existing eligibility for housing assistance programs.