Bill > HB4601

This bill establishes a down payment assistance grant program for veterans purchasing new manufactured homes (defined as homes built in a factory and transported to a site) through the creation of a specialized grant fund. The program will be administered by a board that will determine grant values, income eligibility limits, and other program details. Veterans must occupy the purchased manufactured home as their primary residence for three years, with some exceptions allowed for circumstances like death, bankruptcy, divorce, or job relocation. The program will be funded by allocating 10% of sales and use tax revenue from manufactured home sales to a dedicated grant fund, with the remaining 90% going to the state's general revenue fund. The fund can also receive legislative appropriations, federal grants, and other donations. Surviving spouses may complete a grant application if the eligible veteran dies after initially applying. The bill includes provisions to ensure the public purpose of providing affordable housing to veterans is met, such as requiring board approval for home transfers before the three-year occupancy period and potential grant repayment if program conditions are not fulfilled. The program is set to begin on September 1, 2025, with tax revenue allocation starting at that time.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB4601