HB 714 establishes the Texas Tenant Readiness and Landlord Incentive Pilot Program within the Texas Department of Housing and Community Affairs. The program provides financial and logistical assistance to landlords and individuals at risk of or experiencing homelessness, aiming to improve housing stability and mitigate homelessness. Assistance includes security deposits, utility service payments, and landlord incentives, capped at $3,500 per household. The pilot program requires a report to the legislature on its outcomes by January 1, 2030, and expires on September 1, 2030​.