Sec. 2306.008. PRESERVATION OF AFFORDABLE HOUSING. (a) The department shall support in the manner described by Subsection (b) the preservation of affordable housing for individuals with special needs, as defined by Section 2306.511, and individuals and families of low income at any location considered necessary by the department.
(b) The department shall support the preservation of affordable housing under this section by:
(1) making low interest financing and grants available to private for-profit and nonprofit buyers who seek to acquire, preserve, and rehabilitate affordable housing; and
(2) prioritizing available funding and financing resources for affordable housing preservation activities.
Added by Acts 2001, 77th Leg., ch. 1367, Sec. 3.01, eff. Sept. 1, 2001.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2306 - Texas Department of Housing and Community Affairs
Subchapter A. General Provisions
Section 2306.003. Public Purpose
Section 2306.005. References to Former Law
Section 2306.007. Establishing Economically Depressed or Blighted Areas