Governor Abbott has announced a significant investment in affordable housing across the state. Over $114 million in housing tax credits will be used to fund the construction or rehabilitation of rental properties.

This initiative is expected to add 4,400 affordable units statewide, with a total of 70 rental properties being developed. The Texas Department of Housing and Community Affairs has described this allocation as a record, citing a 12% increase in the federal cap as a contributing factor.

Further details about this initiative can be found through the Texas Department of Housing and Community Affairs or other news outlets, such as WOAI News 4.