Sec. 373A.101. CREATION. The governing body of a political subdivision by ordinance or order may create or designate under this subchapter one or more homestead land trusts, including a housing finance corporation established under Chapter 394 or a land trust operated by a community housing development organization certified by the municipality, to operate in an area that includes a district designated under Subchapter B.
Added by Acts 2005, 79th Leg., Ch. 495 (H.B. 525), Sec. 1, eff. September 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 1175 (H.B. 470), Sec. 5, eff. September 1, 2007.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle A - Municipal Planning and Development
Chapter 373A - Homestead Preservation Districts and Reinvestment Zones
Subchapter C. Homestead Land Trust
Section 373A.102. Nature of Nonpublic Trust
Section 373A.103. Purpose of Trust
Section 373A.104. Board of Directors
Section 373A.105. Title to Land
Section 373A.106. Sale or Lease of Housing Units
Section 373A.107. Transfer From Governmental Entities; Forgiving Outstanding Taxes
Section 373A.109. Relation to Other Law
Section 373A.110. Applicability of Subchapter to Trust Operated by Housing Finance Corporation