Expanding opportunities for affordable housing developments on properties owned by religious organizations.

Increased the minimum requirement for affordable housing developments from 20% to 50% of units being set aside for low-income households.

Updated the density bonus policy language to reflect the new 50% threshold for qualifying religious organization projects.

Mandated that land used for these projects must include restrictive covenants ensuring affordable use for a minimum of 50 years.

Added a new state tax exemption for labor, services, and materials used to construct or improve affordable housing projects owned by religious organizations.

Added a new state sales tax exemption for tangible personal property used as ingredients or components in building affordable housing projects.

Created new definitions for 'affordable housing project' and 'nonprofit recognized religious organization' to clarify eligibility for tax benefits.

Established an effective date of October 1, 2025, and expiration dates of January 1, 2036, for the new tax exemption sections.

Added an alternative eligibility option allowing 20% of units to be set aside for very low-income households instead of the previous requirement of 50% for low-income households.

Added a new definition for 'very low-income household' as those with income at or below 50% of the median family income.

Clarified that affordability requirements must be maintained for at least 50 years regardless of ownership changes.

Changed the originating committee from House Housing to House Finance.

Updated the legislative session year from 2025 to 2026 and the 'read first' date to February 3, 2026.

Removed references to adding new sections to chapters 82.08 and 82.12 regarding sales tax and use tax exemptions, which were present in the previous version.