Indiana Statutes
§ 5-20-4-8 — Financial assistance; form; allocation
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 20 HOUSING·Ch. 4 Affordable Housing and Community Development Fund
(a)The money in the fund shall be used to
provide financial assistance in the form of:
(1)grants;
(2)loans; and
(3)loan guarantees.
In addition, money from the fund may be used to provide technical
assistance to nonprofit developers of low income housing.
(b)The financial assistance described in subsection (a) shall be used
for:
(1)the acquisition, construction, rehabilitation, development,
operation, and insurance of, and education concerning, affordable
housing and community economic development; or
(2)other programs considered appropriate to meet the affordable
housing and community development needs of lower income
families and very low income families, including lower income
elderly, persons with disabilities, and homeless individuals.
(c)At least fifty percent (50%) of the do
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Legislative History
As added by P.L.69-1989, SEC.4. Amended by P.L.23-1993,
SEC.18; P.L.27-1993, SEC.18; P.L.181-2006, SEC.32; P.L.211-2007,
SEC.2.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" defined