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Alabama Statutes, Title 24

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Alabama/Statutes

← All Alabama coverage

Title 24

15 chapters · 233 sections in this title.

All chapters in Title 24233 Ch 1, Housing Authorities85 Ch 1A, Alabama Housing Finance Authority26 Ch 5, Manufactured Homes19 Ch 8, Alabama Fair Housing Law15 Ch 1B, Community Land Trusts in Class 1 Mun…12 Ch 10, Alabama Affordable Housing Act11 Ch 2, Redevelopment Projects10 Ch 9, Alabama Land Bank Authority10 Ch 11, Alabama First-Time and Second Chance…10 Ch 3, Urban Renewal Projects9 Ch 4A, Manufactured Buildings7 Ch 7, Mowa Choctaw Housing Authority6 Ch 8A, Alabama Assistance and Service Anima…5 Ch 6, Alabama Manufactured Housing Commission4

12 sections·Filtered byTitle 24✕Ch 1B✕

Ala. Code § 24-1B-1 Short Title
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This chapter shall be known and may be cited as the Alabama Community Land Trust Act of 2026. (Act 2026-545, §1.)
Ala. Code § 24-1B-10 Tax Exemptions
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(a) For real property acquired for residential purposes which is owned by a community land trust and not subject to a ground lease, the real property shall be exempted from all ad valorem taxation for a period of three years if the community land trust intends the real property t…
Ala. Code § 24-1B-11 Loss of Nonprofit Status; Transfer of Interests
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(a) A nonprofit organization that loses its nonprofit corporation status may no longer operate as a community land trust. (b) After losing its nonprofit corporation status, the organization must transfer, within 120 days and without financial compensation other than incidental as…
Ala. Code § 24-1B-12 Construction of Chapter
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The provisions of this chapter shall control where inconsistent with the provisions of another law. (Act 2026-545, §12.)

Ala. Code § 24-1B-2 Applicability

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This chapter applies only to Class 1 municipalities. (Act 2026-545, §2.)

Ala. Code § 24-1B-3 Definitions

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When used in this chapter, the following words have the following meanings: (1) AFFORDABLE HOUSING. Any residential dwelling unit that is part of a project subject to a legally enforceable restriction limiting occupancy between one and four family housing units or to households c…

Ala. Code § 24-1B-4 Creation and Organization of Community Land Trusts

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The governing body of a Class 1 municipality within the State of Alabama may create, by ordinance, one or more community land trusts to operate within its jurisdiction. A community land trust shall be organized as an Alabama nonprofit corporation. (Act 2026-545, §4.)

Ala. Code § 24-1B-5 Purpose; Bylaws; Board of Directors; Political Activity; Audits

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(a) The purpose of a community land trust is to: (1) Promote long-term affordable housing for low-income and moderate-income families; (2) Promote productive use of land through ground leases; and (3) Promote investment in affordable housing for long-term community benefit. (b) T…

Ala. Code § 24-1B-6 Powers and Duties

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(a) Subject to the restrictions of this chapter, a community land trust shall have all the powers permitted to a nonprofit corporation under Chapter 3 of Title 10A. (b) Notwithstanding subsection (a), the powers and purposes of the community land trust include, but are not limite…

Ala. Code § 24-1B-7 Real Property Leasing; Affordable Housing Requirements

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(a) A community land trust may lease real property only for the primary purpose of affordable housing. (b) For multifamily projects or individual housing units on a tract of real property owned by the community land trust, multiple tracts that are contiguous, located close togeth…

Ala. Code § 24-1B-8 Preemptive Purchase Options

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(a) Each ground lease shall grant the community land trust and the organizing municipality the right to purchase all improvements to the real property, subject to any rights held by or granted to a mortgagee or other holder of an interest in the real property, including under lan…

Ala. Code § 24-1B-9 Ground Lease Terms and Requirements

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(a) A ground lease shall have a maximum term of 99 years and may be renewed under conditions set forth in the ground lease. (b) A ground lease shall include, but is not limited to, the following provisions: (1) The term and, if applicable, renewability of the ground lease. (2) Th…