PURPOSES OF TRUST.
Tex. LOC. GOV'T Code § 373B.004.
in effectThe 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.
Added by Acts 2011, 82nd Leg., R.S., Ch. 383 (S.B. 402 ), Sec. 1, eff. January 1, 2012.