Tex. Loc. Gov't Code § 373B.004

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 373B.004 - Purposes of Trust

The purposes of a community land trust are to:

(1) provide affordable housing for low-income and moderate-income residents in the community;

(2) promote resident ownership of housing;

(3) keep housing affordable for future residents; and

(4) capture the value of public investment for long-term community benefit.

Tex. Loc. Gov't. Code § 373B.004

Added by Acts 2011, 82nd Leg., R.S., Ch. 383, Sec. 1, eff. 1/1/2012.