Tex. Loc. Gov't Code § 379H.159
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The board of a land bank may adopt a policy requiring that a percentage, as determined by the board based on local needs and available land bank inventory, of residential units constructed on residential real property conveyed by the land bank be deed restricted for housing that is affordable to households with an income of not greater than 80 percent of the area median family income, adjusted for household size, for the municipality, as determined annually by the United States Department of Housing and Urban Development.
Tex. Loc. Gov't. Code § 379H.159