Texas Local Government Code § 373b.004 Purposes Of Trust

Sec. 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.

Added by Acts 2011, 82nd Leg., R.S., Ch. 383 (S.B. 402), Sec. 1, eff. January 1, 2012.

Section: Previous  373B.001  373B.002  373B.003  373B.004  373B.005  373B.006  373B.007  Next

Last modified: September 28, 2016