{"data":{"id":"us-tx/tex.-local-government-code-373a.103","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 373A.103","heading":"PURPOSE OF TRUST.","body":"The purpose of a trust is to:\n(1) control local land use and reduce absentee ownership;\n(2) provide affordable housing for low-income and moderate-income residents in the community;\n(3) promote resident ownership and control of housing;\n(4) keep housing affordable for future residents; and\n(5) capture the value of public investment for long-term community benefit.\nAdded by Acts 2005, 79th Leg., Ch. 495 (H.B. 525), Sec. 1, eff. September 1, 2005.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE A. MUNICIPAL PLANNING AND DEVELOPMENT","CHAPTER 373A. HOMESTEAD PRESERVATION DISTRICTS AND REINVESTMENT ZONES","SUBCHAPTER C. HOMESTEAD LAND TRUST"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.373A.htm#373A.103","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"53428f02fb65df5a9cbb0e55285228e4bb29a56b2351fba70200fac9bde81910","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-373a.102","next":"us-tx/tex.-local-government-code-373a.104"},"notice":"GroundRules: Original legal text. Not legal advice."}