Relating to the allocation of housing tax credits to developments within proximate geographical areas.

SB 2549 changes rules for allocating Texas housing tax credits to developments. It allows multiple developments in the same community to receive credits even if they are closer than two miles apart, but only in cities with 750,000+ residents or federally declared disaster areas - provided the city council specifically approves. This applies only to applications submitted for the 2026 or later qualified allocation plans, not older applications. The change does not affect rehabilitation projects of existing affordable housing.