Sec. 373B.004.  PURPOSES OF TRUST.  The 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.