Sec. 379E.004. URBAN LAND BANK PROGRAM. (a) The governing body of a municipality may adopt an urban land bank program in which the officer charged with selling real property ordered sold pursuant to foreclosure of a tax lien may sell certain eligible real property by private sale for purposes of affordable housing development as provided by this chapter.
(b) The governing body of a municipality that adopts an urban land bank program shall establish or approve a land bank for the purpose of acquiring, holding, and transferring unimproved real property under this chapter.
Added by Acts 2007, 80th Leg., R.S., Ch. 1034 (H.B. 1742), Sec. 12, eff. September 1, 2007.
Added by Acts 2007, 80th Leg., R.S., Ch. 1341 (S.B. 1908), Sec. 33, eff. September 1, 2007.
Structure Texas Statutes
Title 12 - Planning and Development
Subtitle A - Municipal Planning and Development
Chapter 379E - Urban Land Bank Program
Section 379E.002. Applicability; Construction With Other Law
Section 379E.004. Urban Land Bank Program
Section 379E.005. Qualified Participating Developer
Section 379E.006. Urban Land Bank Plan
Section 379E.007. Public Hearing on Proposed Plan
Section 379E.008. Private Sale to Land Bank
Section 379E.009. Subsequent Resale by Land Bank
Section 379E.010. Restrictions on Occupancy and Use of Property
Section 379E.011. Right of First Refusal