Texas 2021 - 87th Regular

Texas Senate Bill SB1569

Caption

Relating to the functions of certain urban land bank programs.

Impact

The provisions of SB1569 aim to facilitate the development of affordable housing in urban areas. By enabling local governments to establish land banks, the bill strives to address housing shortages for moderate-income households, thereby positively impacting the local housing market. Municipalities adopting urban land bank programs are required to consider existing housing plans and fair housing policies, ensuring that developments align with broader community goals.

Summary

SB1569 is an act that amends the Local Government Code to enhance the functions of urban land bank programs within municipalities. This bill seeks to clarify the definition of a 'land bank' and introduces the concept of a 'moderate income household,' outlining the criteria that classify a household needing assistance in securing decent housing, but do not meet low income specifications. The bill mandates that urban land banks will acquire, hold, develop, and transfer real property to support housing initiatives effectively.

Contention

One notable point of contention surrounding SB1569 is the balance between urban development and the need for affordable housing. While proponents argue that enhanced land bank functions will help alleviate housing shortages, opponents may voice concerns about the potential for gentrification and displacement of existing residents. The mechanisms for transferring properties to qualified developers and the subsequent restrictions placed on these transactions may also be scrutinized to ensure they effectively serve the intended communities and do not disproportionately favor certain developers over others.

Companion Bills

No companion bills found.

Previously Filed As

TX HB2476

Relating to the adoption of a veterans' land bank program by the Texas State Affordable Housing Corporation.

TX HB1515

Relating to the continuation and functions of and certain programs subject to rules adopted by the Texas Economic Development and Tourism Office.

TX HB4370

Relating to the abolishment of the State Energy Conservation Office and the transfer of its functions to the comptroller.

TX HB581

Relating to an exemption from ad valorem taxation of real property owned by a charitable organization for the purpose of renting the property at below-market rates to low-income and moderate-income households.

TX SB2398

Relating to an exemption from ad valorem taxation of real property owned by a charitable organization for the purpose of renting the property at below-market rates to low-income and moderate-income households.

TX HB3691

Relating to the exemption from ad valorem taxation of certain property owned by a charitable organization that is engaged in providing housing and related facilities and services to persons who are at least 62 years of age.

TX HB3002

Relating to the authority of certain political subdivisions to issue certificates of obligation.

TX HB2071

Relating to certain public facilities, including public facilities used to provide affordable housing.

TX SB1830

Relating to the dissolution of certain water districts located in urban areas.

TX SB1255

Relating to the exemption from ad valorem taxation of certain property owned by a charitable organization that is engaged in providing housing and related facilities and services to persons who are at least 62 years of age.

Similar Bills

TX SB1117

Relating to the functions of certain urban land bank programs.

TX SB1115

Relating to the authority of a county to adopt a land bank program.

TX HB4015

Relating to land bank demonstration programs.

TX SB596

Relating to the adoption of a land bank program by the Texas State Affordable Housing Corporation.

TX HB2646

Relating to the adoption of a land bank program by the Texas State Affordable Housing Corporation.

TX HB1795

Relating to the adoption of a veterans' land bank program by the Texas State Affordable Housing Corporation.

OK HB1114

Cities and towns; municipal land bank program; tax; sale of property; effective date.

TX SB1570

Relating to the authority of a county to adopt a land bank program.