State issues

Expansion and revisions to Texas Bootstrap Loan program proposed

Legislation has been filed to update and expand the highly popular Texas Bootstrap Loan program.

Texas Senator Eddie Lucio (D)-Brownsville, the author of the original bootstrap legislation a decade ago has filed SB 679.  The bill would double the annual funding required to be spent on the Bootstrap program from the current $3 million to $6 million, increase the maximum loan amount from $30,000 to $45,000 in certain cases and increase the maximum cost of the house (through combined state and private financing) from $60,000 to $90,000.

The Bootstrap program provides an interest free loan to a homeowner who contributes at least 65 percent of the labor to build a home for themselves. Habitat for Humanity chapters in Texas have become major users of this program in recent years, thus expanding greatly the demand for more loan funds.

I started my commitment to housing justice for people and communities with low incomes in 1975 in Austin's Clarksville community. These years of working side-by-side with dedicated community leaders to find solutions to housing and community development challenges have taught me some things and I’m learning new things every day.

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