Relating to the allocation of low income housing tax credits.

SB 898 limits the amount of low-income housing tax credits Texas can allocate per application. It caps total credits at $6 million per application round and $2 million per individual development. These rules apply only to applications submitted under the 2026 qualified allocation plan or later cycles, while older applications follow previous laws. The bill takes effect September 1, 2025, and directly affects developers seeking tax credits for affordable housing projects through the Texas Department of Housing and Community Affairs.