Tex. Local Government Code § 379H.159
This is the official text of Tex. Local Government Code § 379H.159, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 379H.159. AFFORDABLE HOUSING POLICY.
Official statutory text
The board of a land bank may adopt a policy requiring that a percentage, as determined by the board based on local needs and available land bank inventory, of residential units constructed on residential real property conveyed by the land bank be deed restricted for housing that is affordable to households with an income of not greater than 80 percent of the area median family income, adjusted for household size, for the municipality, as determined annually by the United States Department of Housing and Urban Development.
Status: in_force · Read it on the official government site
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