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Committee designates two community land trusts and approves limited tax exemption for one
Summary
The committee approved resolutions designating MOC Development Fund and Silk Road CLTs; MOC was recommended for a 50% city tax exemption on unsold CLT property after providing an audit; Silk Road received designation without a tax exemption request and both will report annually.
The Planning & Community Development Committee voted to designate two community land trusts (CLTs) and, for one applicant, recommended a narrow city tax exemption on unsold CLT property.
Sarah Wamsay Estrada, housing policy administrator with NHSD, explained the CLT model (separate ownership of land and home to preserve long‑term affordability), state statutory requirements for CLT designation in Texas, and the city’s CLT policy adopted in October 2024, including a limited 50 percent exemption on the city portion of property tax for CLT‑owned parcels.
NHSD recommended designation for MOC Development Fund CLT (serving the West Side and targeting up to 55 homes in five years, with an initial two‑year goal of about 10 homes) and Culturlingua’s Silk Road CLT (targeting about 24 homes by 2028). MOC requested and supplied the required audit and NHSD recommended including the 50 percent exemption language in its resolution; Silk Road did not request the tax exemption at this time because it has not yet completed an audit.
Councilmembers asked about service‑area maps, how BCAD (the appraisal district) will reflect CLT status, and annual reporting; NHSD said maps and backup slides are in meeting materials and that CLTs must renew designations annually and update NHSD on inventory. The committee voted to approve both resolutions in separate votes; the motions carried.
