Bill to assist low-income housing developments now in effect

AUSTIN – House Bill 1058, which offers low-income housing tax credits for certain housing developments, was one of 30 new bills that took effect Jan. 1. 

According to the Texas Affiliation of Affordable Housing Providers, every metro area in the country has a shortage of affordable and available rental homes for extremely low-income renters.

The National Low Income Housing Coalition says there are 904,814 extremely low-income renter households in Texas, with 230,166 affordable and available rental homes.

For more on recent legislative changes impacting the state’s real estate markets, read the Texas Real Estate Research Center’s Report on the 88th Texas Legislative Session.​