Sec. 379E.005. QUALIFIED PARTICIPATING DEVELOPER. To qualify to participate in an urban land bank program, a developer must:
(1) have developed three or more housing units within the three-year period preceding the submission of a proposal to the land bank seeking to acquire real property from the land bank;
(2) have a development plan approved by the municipality for the land bank property; and
(3) meet any other requirements adopted by the municipality in the urban land bank plan.
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