Sec. 9. (a) When, after purchase, a person has resided in the dwelling for the required three (3) year period, brought the property into compliance with the required code standards, and otherwise complied with the terms of the person's agreement, the agency shall convey to the person a fee simple title to the property.
(b) When, after purchase, a community organization has brought the property into compliance with the required code standards, documented its intent to list the property for sale, and otherwise complied with the terms of its agreement, the agency shall convey to it a fee simple title to the property.
[Pre-Local Government Recodification Citation: 18-7-21-8.]
As added by Acts 1981, P.L.309, SEC.36. Amended by P.L.177-2003, SEC.15.
Structure Indiana Code
Article 7. Planning and Development
Chapter 17. Urban Homesteading
36-7-17-1. Application of Chapter
36-7-17-2. Designation of Agency to Administer Program
36-7-17-3. Acquisition of Property
36-7-17-4. Notice to Residents of Unit
36-7-17-5. Applications; Eligibility; Drawings to Determine Receipt of Dwellings
36-7-17-6. Conveyances; Duties of Recipients
36-7-17-7. Conveyances; Methods Authorized
36-7-17-9. Conveyances; Fee Simple Title
36-7-17-10. Rules and Regulations
36-7-17-11. Retention of Deed by Unit; Property Deemed Municipal Property; Tax Exemption
36-7-17-12. Property Not Applied for in Successive Drawings; Sale; Disposition of Proceeds