Indiana § 5-20-5-17 Allocation for nonprofit corporation, public housing authority, or unit
of government

Indiana Statutes

§ 5-20-5-17 — Allocation for nonprofit corporation, public housing authority, or unit of government

Indiana § 5-20-5-17

Title 5STATE AND LOCAL ADMINISTRATION

Art. 20HOUSING

Ch. 5Indiana Affordable Housing Fund

This text of Indiana § 5-20-5-17 (Allocation for nonprofit corporation, public housing authority, or unit of government) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-20-5-17 (2026).

Text

An eligible entity must allocate at least fifty
percent (50%) of the money received in program grants to a nonprofit
corporation (as defined under Section 501(c) of the Internal Revenue
Code), to a public housing authority (as defined in IC 36-7-18) or to a
unit of government (as defined in IC 36-1-2-23). Money received in
program grants that is not allocated to a nonprofit corporation, a public
housing authority, or a unit of government may be allocated to private
developers of housing and other private development entities as
determined by the eligible entity.

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An eligible entity must allocate at least fifty
percent (50%) of the money received in program grants to a nonprofit
corporation (as defined under Section 501(c) of the Internal Revenue
Code), to a public housing authority (as defined in IC 36-7-18) or to a
unit of government (as defined in IC 36-1-2-23). Money received in
program grants that is not allocated to a nonprofit corporation, a public
housing authority, or a unit of government may be allocated to private
developers of housing and other private development entities as
determined by the eligible entity.