Texas Local Government Code 379C.005 – Qualified Participating Developer
Current as of: 2024 | Check for updates
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Terms Used In Texas Local Government Code 379C.005
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
To qualify to participate in an urban land bank demonstration program, a developer must:
(1) have built one or more housing units within the three-year period preceding the submission of a proposal to the land bank seeking to acquire real property from the land bank;
(2) have a development plan approved by the municipality for the land bank property; and
(3) meet any other requirements adopted by the municipality in the urban land bank demonstration plan.