Indiana § 36-7-14-12.4 Ownership prohibition regarding single family dwellings

Indiana Statutes

§ 36-7-14-12.4 — Ownership prohibition regarding single family dwellings

Indiana § 36-7-14-12.4

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 14Redevelopment of Areas Needing Redevelopment

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Bluebook

Ind. Code § 36-7-14-12.4 (2026).

Text

4. Notwithstanding any other provision in this chapter, after June 30, 2014:

(1)a redevelopment commission;

(2)a department of redevelopment; or

(3)any other entity:

(A)established by the commission or department; or

(B)controlled by the commission or a member of the commission regardless of any pecuniary interest the member may have; may not own, lease, or otherwise hold a single family dwelling or condominium unit for purposes of leasing for the use by individuals as a dwelling. In addition, an arrangement or agreement that is contrary to this section may not be extended beyond the term of the arrangement or agreement as in effect on June 30, 2014. However, a commission, department, or entity covered by this section may own property in the capacity of a land bank for a unit.

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4. Notwithstanding any other provision in
this chapter, after June 30, 2014:
(1) a redevelopment commission;
(2) a department of redevelopment; or
(3) any other entity:
(A) established by the commission or department; or
(B) controlled by the commission or a member of the
commission regardless of any pecuniary interest the member
may have;
may not own, lease, or otherwise hold a single family dwelling or
condominium unit for purposes of leasing for the use by individuals as
a dwelling. In addition, an arrangement or agreement that is contrary
to this section may not be extended beyond the term of the arrangement
or agreement as in effect on June 30, 2014. However, a commission,
department, or entity covered by this section may own property in the
capacity of a land bank for a unit.