Tex. Rev. Civ. Stat. art. 1524b
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Corporations may be formed wholly for the purpose of providing housing for families of low income and/or for reconstruction of slum areas, provided such corporations are regulated by state or municipal law, as hereinafter provided as to rents, charges, capital structure, rate of return and areas and methods of operation.
Tex. Rev. Civ. Stat. Ann. art. 1524b