81R9975 ACP-D
By: Davis of Dallas H.B. No. 3537
A BILL TO BE ENTITLED
AN ACT
relating to the modification of deed restrictions imposed on
property under an urban land bank demonstration program in certain
municipalities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 379C.010, Local Government Code, is
amended by adding Subsection (g) to read as follows:
(g) In addition to the modification or addition of deed
restrictions allowed by Subsection (f), and notwithstanding the
restrictions required by Subsections (b), (c), and (d), the land
bank or the governing body of the municipality may modify the deed
restrictions imposed under this section to allow a qualified
participating developer to develop the property without providing
affordable housing directly on that property. Property described
by this subsection must be adjacent to other property that is
obtained through a means other than the program under this chapter
and on which the developer proposes to provide affordable housing
subject to deed restrictions as described by Subsections (b), (c),
and (d). The improvements to property described by this subsection
must provide a substantial benefit to a housing development located
on the adjacent property, such as a sidewalk or other structure that
provides access to the development.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2009.