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 (H.B. 525), Sec. 1, eff. September 1, 2005.