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Killeen staff outlines parcels-and-trust program to foreclose abandoned lots for low-income housing
Summary
City staff told the council there are about 114 liened properties in Killeen, roughly 35 of which meet Texas tax-code criteria for foreclosure; the proposal would reclassify a lien-collection role to a revitalization coordinator and use foreclosed parcels to solicit developers for low-to-moderate income housing.
City staff presented details May 5 on a parcels-and-trust program intended to bring abandoned, tax-delinquent properties back onto the tax roll and make sites available for development of low- to moderate-income housing.
Planning and development staff said the city's current inventory includes approximately 114 properties with outstanding liens; of those, about 35 meet Texas tax-code criteria (less than one acre, abandoned for at least a year and tax-delinquent for three years) and are eligible for foreclosure proceedings.
"Of the 114…
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