5-20-3-1. “Families of Low and Moderate Income” Defined
Sec. 1. As used in this chapter, “families of low and moderate income” has the meaning set forth in IC 5-20-1-2. As added by P.L.69-1989, SEC.3.
5-20-3-10. Rules
Sec. 10. The Indiana housing and community development authority shall adopt rules under IC 4-22-2 to carry out this chapter. As added by P.L.69-1989, SEC.3. Amended by P.L.1-2006, SEC.112 and P.L.181-2006, SEC.27.
5-20-3-2. “Housing Project” Defined
Sec. 2. (a) As used in this chapter, “housing project” means any work or undertaking to provide decent, safe, and sanitary urban or rural dwellings, apartments, or other living accommodations for families of low and moderate income, including: (1) buildings, land, equipment, facilities, and other real or personal property for necessary, convenient, or desirable appurtenances, […]
5-20-3-3. “Mutual Housing Association” Defined
Sec. 3. As used in this chapter, “mutual housing association” refers to a corporation established under section 4 of this chapter. As added by P.L.69-1989, SEC.3.
5-20-3-4. Establishment of Mutual Housing Association; Articles of Incorporation
Sec. 4. (a) A mutual housing association may be established as a nonprofit corporation incorporated under IC 23-7-1.1 (before its repeal on August 1, 1991) or IC 23-17 to prevent and eliminate neighborhood deterioration and to preserve neighborhood stability by: (1) providing high quality, long term housing for families of low and moderate income; and […]
5-20-3-5. Articles of Incorporation of Mutual Housing Association; Purposes
Sec. 5. A mutual housing association must have as one (1) of its purposes in its articles of incorporation the construction, rehabilitation, development, ownership, or operation (including the management and maintenance of housing) of high quality long term housing for families of low and moderate income. As added by P.L.69-1989, SEC.3.
5-20-3-6. Contracts for State Financial Assistance; Mutual Housing Associations; Grants and Loans
Sec. 6. The Indiana housing and community development authority may enter into a contract with a mutual housing association to provide financial assistance for the construction, rehabilitation, ownership, or operation of housing for families of low and moderate income. State financial assistance may be in the form of grants, loans, or a combination of grants […]
5-20-3-7. Contracts for State Financial Assistance; Mutual Housing Associations; Provisions
Sec. 7. A contract for state financial assistance with a mutual housing association under section 6 of this chapter must include (for each housing site) the following provisions: (1) Each housing site must be managed in an efficient manner to permit the fixing of the rentals at the lowest possible rates consistent with providing decent, […]
5-20-3-8. Service Charges; Mutual Housing Associations; Loans and Grants
Sec. 8. The Indiana housing and community development authority may assess a mutual housing association a service charge for each loan or grant provided to the association. As added by P.L.69-1989, SEC.3. Amended by P.L.1-2006, SEC.111 and P.L.181-2006, SEC.26.
5-20-3-9. Mutual Housing Association; Resident Requirements
Sec. 9. A resident of a mutual housing association: (1) must participate in the ongoing operation and management of the housing; (2) must have a right to continue residing in the housing as long as the resident complies with the terms of the occupancy agreement; and (3) may not possess an equity or ownership interest […]