Texas Local Government Code Title 12, Chapter 373b - Community Land Trusts

• Texas Section 373B.001 - Definition
  In this chapter, "community housing development organization" has the meaning assigned by 42 U.S.C. Section 12704. Added by Acts 2011, 82nd Leg., R.S., Ch. 383...
• Texas Section 373B.002 - Creation Or Designation
  The governing body of a municipality or county by ordinance or order may create or designate one or more community land trusts, including a housing...
• Texas Section 373B.003 - Nature Of Trust
  A community land trust created or designated under Section 373B.002 must be a nonprofit organization that is: (1) created to acquire and hold land for...
• Texas 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...
• Texas Section 373B.005 - Ownership Of Land And Housing Units
  A community land trust may retain title to land it acquires and may: (1) sell housing units located on the land and lease the land...
• Texas Section 373B.006 - Qualifications Of Purchasers Or Lessees Of Housing Units
  (a) A community land trust may sell housing units only to families with a yearly income at the time of sale at or below 80...
• Texas Section 373B.007 - Relation To Other Law
  This chapter does not preclude the creation of a land trust by a nonprofit organization, including a community housing development organization, under other statutory or...
• Texas Section 373B.008 - Applicability Of Chapter To Trust Operated By Housing Finance Corporation
  Section 373B.003 does not apply to a community land trust operated in the municipality or county by a housing finance corporation established under Chapter 394....

Last modified: September 28, 2016