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Tex. Local Government Code § 373B.004

PURPOSES OF TRUST

Texas · Texas Local Government Code · Status: effective

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Tex. Local Government Code § 373B.004, PURPOSES OF TRUST, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/693183
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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.