Texas Allocates $99 Million in Low-Income Housing Tax Credits

July 31, 2025 - 02:22

The Texas Department of Housing and Community Affairs (TDHCA) has announced the allocation of over $99 million in low-income housing tax credits aimed at financing the development and rehabilitation of 63 properties across the state. This significant investment will facilitate the creation and improvement of 4,410 housing units, ensuring that rents remain affordable for households earning up to 80% of the area median family income.

The initiative reflects the state's ongoing commitment to addressing housing affordability challenges and enhancing the quality of life for Texas residents. By providing these tax credits, TDHCA aims to stimulate the construction of new homes and the renovation of existing structures, thereby increasing the availability of affordable housing options.

This funding is expected to have a positive impact on communities by fostering economic growth and stability. With these credits, developers can leverage additional financing, ultimately contributing to a more diverse and inclusive housing market in Texas. The move is a vital step towards meeting the growing demand for affordable housing in the state.