Relating to the eligibility of certain at-risk developments to receive low income housing tax credits.

SB 2608 expands eligibility for Texas low-income housing tax credits to include specific "at-risk" housing developments. It defines these as projects that have received federal housing assistance (like Section 8 or HUD subsidies) and are nearing the end of affordability requirements or mortgage terms, or those planning to rehabilitate housing units previously receiving federal Section 9 assistance. The bill applies only to tax credit applications submitted during the 2026 or later allocation cycles, not earlier ones. This change directly affects developers seeking tax credits and public housing authorities managing qualifying properties.