Tex. Local Gov't Code Section 373A.103
Purpose of Trust


The purpose of a trust is to:

(1)

control local land use and reduce absentee ownership;

(2)

provide affordable housing for low-income and moderate-income residents in the community;

(3)

promote resident ownership and control of housing;

(4)

keep housing affordable for future residents; and

(5)

capture the value of public investment for long-term community benefit.
Added by Acts 2005, 79th Leg., Ch. 495 (H.B. 525), Sec. 1, eff. September 1, 2005.

Source: Section 373A.103 — Purpose of Trust, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­373A.­htm#373A.­103 (accessed May 25, 2024).

Accessed:
May 25, 2024

§ 373A.103’s source at texas​.gov