§ 36-7-17.1-7 — Conveyances; duties of recipients

Indiana § 36-7-17.1-7

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 17.1: Alternative Urban Homesteading Program for

Text

(a) The conveyance of a dwelling to an
applicant under this chapter shall be made in return for a fee of:
(1) one dollar ($1); plus
(2) the amounts described in IC 6-1.1-24-5(e)(4) through IC 6-1.1-24-5(e)(6);
if the applicant executes an agreement that meets the minimum
conditions specified in subsection (b).
(b) The agreement described in subsection (a) must include the
following minimum conditions:
(1) The applicant must apply for and receive a rehabilitation loan
with respect to the dwelling and the real property on which it is
located not later than the period prescribed by the director of the
agency in the rules and regulations described in section 11 of this
chapter.
(2) Upon receiving the rehabilitation loan described in
subdivision (1), the applicant must comply with the program
regulations set forth in 24 CFR 203.50 and 24 CFR 203.440 et
seq., with respect to the rehabilitation loan described in
subdivision (1).
(3) The applicant must comply with any additional terms,
conditions, and requirements that the agency may impose to
ensure that the purposes of this chapter are carried out. This may
include the requirement that the dwelling be rehabilitated to
minimum building code standards before possession.

Legislative History

As added by P.L.118-2013, SEC.16. Amended by P.L.251-2015, SEC.34; P.L.149-2016, SEC.98.