Tex. Loc. Gov't Code § 373A.103

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 373A.103 - Purpose of Trust

The purpose of a trust is to:

(1) control local land use and reduce absentee ownership;

(2) provide affordable housing for low-income and moderate-income residents in the community;

(3) promote resident ownership and control of housing;

(4) keep housing affordable for future residents; and

(5) capture the value of public investment for long-term community benefit.

Tex. Loc. Gov't. Code § 373A.103

Added by Acts 2005, 79th Leg., Ch. 495, Sec. 1, eff. 9/1/2005.