5-20-4-15. Repealed
As added by P.L.69-1989, SEC.4. Amended by P.L.2-1992, SEC.56; P.L.23-1993, SEC.19; P.L.4-1993, SEC.8; P.L.5-1993, SEC.19; P.L.215-2001, SEC.9; P.L.181-1006, SEC.29. Repealed by P.L.133-2012, SEC.34.
5-20-4-16. Repealed
As added by P.L.69-1989, SEC.4. Repealed by P.L.133-2012, SEC.35.
5-20-4-11. Allocation of Fund Resources
Sec. 11. (a) At least fifty percent (50%) of the resources of the fund shall be allocated to recognized nonprofit corporations under Section 501(c) of the Internal Revenue Code. (b) The resources of the fund that are not allocated under subsection (a) may be allocated to private developers of housing and private development entities as […]
5-20-4-12. Occupancy of Housing Developed With Fund Resources
Sec. 12. Rental housing that is developed with money from the fund shall be made available for occupancy to low income families or very low income families for at least fifteen (15) years. In the event of foreclosure or equivalent action, the remaining affordability period may be waived by the authority. As added by P.L.69-1989, […]
5-20-4-13. Developer Certification of Compliance With Federal Requirements
Sec. 13. A developer that uses funds from the fund shall certify to the authority that the developer will comply with the following: (1) The federal Civil Rights Act of 1968 (P.L. 90-284). (2) The federal Fair Housing Amendments of 1988 (P.L. 100-430). (3) The Indiana Civil Rights Law (IC 22-9-1). As added by P.L.69-1989, […]
5-20-4-14. Policies and Procedures for Implementation of Chapter
Sec. 14. The authority shall establish written policies and procedures to implement this chapter. These policies and procedures shall include the following: (1) The development of an application process for requesting financial assistance under this chapter. (2) The establishment of a procedure for disbursing financial assistance under this chapter. (3) The establishment of a rate […]
5-20-4-1. Repealed
As added by P.L.69-1989, SEC.4. Amended by P.L.181-2006, SEC.28. Repealed by P.L.133-2012, SEC.33.
5-20-4-2. “Families”
Sec. 2. As used in this chapter, “families” has the meaning set forth in 42 U.S.C. 1437a(b)(3). As added by P.L.69-1989, SEC.4.
5-20-4-3. “Housing and Community Development Authority”
Sec. 3. As used in this chapter, “authority” refers to the Indiana housing and community development authority established under IC 5-20-1. As added by P.L.69-1989, SEC.4. Amended by P.L.1-2006, SEC.113; P.L.181-2006, SEC.29; P.L.1-2007, SEC.31.
5-20-4-4. “Fund”
Sec. 4. As used in this chapter, unless the context requires otherwise, “fund” refers to the affordable housing and community development fund established by section 7 of this chapter. As added by P.L.69-1989, SEC.4. Amended by P.L.181-2006, SEC.30.