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236 chapters · 5,326 sections in this title.
Tex. Local Government Code § 373B.001 Definition
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Sec. 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 (S.B. 402), Sec. 1, eff. January 1, 2012.
Tex. Local Government Code § 373B.002 Creation Or Designation
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Sec. 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 finance corporation established under Chapter 394 or a land trust operated by a community ho…
Tex. Local Government Code § 373B.003 Nature of Trust
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Sec. 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 the benefit of developing and preserving long-term affordable housing in the municipality or coun…
Tex. Local Government Code § 373B.004 Purposes of Trust
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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) capt…