§ 36-7-15.1-64 — Residential housing development program

Indiana § 36-7-15.1-64

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 15.1: Redevelopment of Areas in Marion County Needing

Text

(a) The commission may establish a
residential housing development program by resolution for the
construction of new residential housing or the renovation of existing
residential housing if the average of new, single family residential
houses constructed within the consolidated city during each of the
preceding three (3) years is less than one percent (1%) of the total
number of single family residential houses located within the
consolidated city on January 1 of the year in which the resolution is
adopted. The department of local government finance, in cooperation
with the appropriate agency of the consolidated city, shall determine
whether the consolidated city meets the requirements to establish a
program under this subsection.
(b) A residential housing development program, which may include
any relevant elements the commission considers appropriate, may be
adopted by resolution as part of a redevelopment plan or an amendment
to a redevelopment plan and must establish an allocation area for
purposes of sections 26 and 35 of this chapter for the accomplishment
of the program.
(c) The notice and hearing provisions of sections 10 and 10.5 of this
chapter, including notice under section 10(c) of this chapter to a taxing
unit that is wholly or partly located within an allocation area, apply to
the resolution adopted under subsection (b). Judicial review of the
resolution may be made under section 11 of this chapter.
(d) Before formal submission of a residential housing development
program to the commission, the department shall:
(1) consult with persons interested in or affected by the proposed
program;
(2) provide the affected neighborhood associations, residents, and
township assessors with an adequate opportunity to participate in
an advisory role in planning, implementing, and evaluating the
proposed program; and
(3) hold public meetings in the affected neighborhoods to obtain
the views of the affected neighborhood associations and residents.
(e) A residential housing development program established under
this section must terminate not later than twenty (20) years after the
date the program is established under subsection (a).
(f) The consolidated city may request from the department of local
government finance a report, if it exists, describing the effect of current
assessed value allocated to the tax increment financing allocation areas
on the amount of the tax levy or proceeds and the credit for excessive
property taxes under IC 6-1.1-20.6 for the taxing units within the
boundaries of the residential housing development program.

Legislative History

As added by P.L.126-2023, SEC.4. Amended by P.L.9-2024, SEC.547.