summary
Introduced
02/05/2026
02/05/2026
In Committee
02/10/2026
02/10/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the State Finance Act. Creates the Community Housing Reintegration Fund. Provides that moneys in the Fund may be used to provide housing-related costs for eligible persons who are either (i) transitioning out of congregate long-term care settings into less restrictive independent and community-based housing or (ii) facing impending placement in a congregate long-term care facility due to lack of affordable accessible housing. Amends the Property Tax Code. Increases the real estate transfer tax from $0.50 per $500 of valuation to $0.75 per $500 in valuation. Provides that a portion of the proceeds from the real estate transfer tax shall be deposited into the Community Housing Reintegration Fund. Effective immediately.
AI Summary
This bill establishes the Community Housing Reintegration Fund, which will provide financial assistance for housing-related costs to individuals who are either moving from long-term care facilities into community-based housing or are at risk of entering a long-term care facility due to a lack of affordable and accessible housing. To fund this initiative, the bill increases the real estate transfer tax, which is a tax on the privilege of transferring property ownership, from $0.50 to $0.75 for every $500 of property value, with a portion of these increased tax revenues being directed into the new Community Housing Reintegration Fund. The bill also outlines specific eligibility criteria for individuals seeking assistance from the fund and mandates the Department of Human Services to develop rules for its administration, aiming to reduce institutionalization and promote community-based care, aligning with the principles of the Supreme Court's *Olmstead v. L.C.* decision.
Sponsors (2)
Last Action
Added Co-Sponsor Rep. Lilian Jiménez (on 03/09/2026)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...