Houston Daily

Governor Greg Abbott has announced that the Texas Department of Housing and Community Affairs (TDHCA) has awarded over $99 million in housing tax credits. This funding will support the development or rehabilitation of 63 rental properties, providing reduced rents and more housing options for Texans statewide. The initiative aims to construct or rehabilitate over 4,410 units with rents affordable to households earning up to 80% of the area median family income.

“As our state continues to grow, we must ensure that Texans have access to affordable housing so they can thrive in our great state,” said Governor Abbott. “The over $99 million in housing tax credits is critical to improve and upgrade affordable housing units for Texans. Working with the Texas Department of Housing and Community Affairs, we will build a more affordable and prosperous Texas for generations.”

Bobby Wilkinson, Executive Director of TDHCA, emphasized the importance of the program: “The Housing Tax Credit Program is a key tool for creating new developments and preserving affordable housing in our communities,” he said. “TDHCA is committed to bringing high quality, affordable housing to Texas residents.”

Investors purchasing these credits can apply them toward their federal tax liability each year for 10 years on a dollar-for-dollar basis in exchange for their investment in the property. The Housing Tax Credit Program, authorized under the United States Internal Revenue Code, is the primary means by which private capital is directed toward developing affordable rental housing in Texas. Developers use proceeds from selling these credits to help finance their properties, potentially covering up to 70% of eligible development costs.

A list of 2025 9% HTC application awards is available but may change if any developments cannot proceed.