Indiana § 5-20-2-1 Legislative findings; declaration of purpose

Indiana Statutes

§ 5-20-2-1 — Legislative findings; declaration of purpose

Indiana § 5-20-2-1

Title 5STATE AND LOCAL ADMINISTRATION

Art. 20HOUSING

Ch. 2Financing of Housing

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Ind. Code § 5-20-2-1 (2026).

Text

Legislative Findings and Declaration of Purpose.
It is hereby found and declared that in this state there is a shortage of
decent, safe and sanitary housing that most people can afford; that the
shortage of such housing is a threat to the health, safety, morals and
welfare of Indiana residents and is not transitory and self-curing; that
the cost of financing such housing is a major and substantial factor
affecting the supply and cost of decent, safe and sanitary housing built
by private enterprise; that the purpose of this chapter is to provide a
means of lowering the cost of financing ownership by Indiana residents
of decent, safe and sanitary housing; that such financing of residential
ownership will (a) provide for and promote the public health, safety,
morals, and welfare, (b) stimulat

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Legislative Findings and Declaration of Purpose.
It is hereby found and declared that in this state there is a shortage of
decent, safe and sanitary housing that most people can afford; that the
shortage of such housing is a threat to the health, safety, morals and
welfare of Indiana residents and is not transitory and self-curing; that
the cost of financing such housing is a major and substantial factor
affecting the supply and cost of decent, safe and sanitary housing built
by private enterprise; that the purpose of this chapter is to provide a
means of lowering the cost of financing ownership by Indiana residents
of decent, safe and sanitary housing; that such financing of residential
ownership will (a) provide for and promote the public health, safety,
morals, and welfare, (b) stimulate construction of new housing and
remodeling and improvement of existing housing, thereby relieving
conditions of unemployment and encouraging the increase of industry
and commercial activity and economic development so as to reduce the
evils attendant upon unemployment, (c) assist low and moderate
income people in acquiring and owning decent, safe and sanitary
housing which they can afford, (d) promote the integration of families
of varying economic means, and (e) preserve and increase the ad
valorem property tax base in this state; that the foregoing are public
purposes; and that the necessity for the provisions of this chapter is a
matter of legislative determination.
As added by Acts 1979, P.L.47, SEC.1.