Sec. 373A.205. QUALIFIED PARTICIPATING DEVELOPER  


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  • To qualify to participate in a homestead land bank program, a developer must:

    (1) have developed three or more housing units within the 10-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 homestead land bank plan.

Added by Acts 2005, 79th Leg., Ch. 495 , Sec. 1, eff. September 1, 2005.