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5-20-5-16. Allocation for Very Low Income Households

Sec. 16. An eligible entity must allocate at least fifty percent (50%) of the money received for the production, rehabilitation, or purchase of housing to the production, rehabilitation, or purchase of housing units to be occupied by very low income households. As added by P.L.115-2000, SEC.1.

5-20-5-2. “Authority” Defined

Sec. 2. As used in this chapter, “authority” means the Indiana housing and community development authority created by IC 5-20-1-3. As added by P.L.115-2000, SEC.1. Amended by P.L.1-2006, SEC.122; P.L.181-2006, SEC.40.

5-20-5-4. “Families” Defined

Sec. 4. As used in this chapter, “families” has the meaning set forth in 42 U.S.C. 1437a(b)(3)(B). As added by P.L.115-2000, SEC.1.

5-20-5-8. Authority May Provide Grants and Loans

Sec. 8. The authority may provide grants and loans to eligible entities for programs that do any of the following: (1) Provide financial assistance to lower income families for the purchase of affordable housing in the form of grants, loans, and loan guarantees. (2) Provide rent and rent supplements to lower income families. (3) Provide […]