Sec. 5. A mutual housing association must have as one (1) of its purposes in its articles of incorporation the construction, rehabilitation, development, ownership, or operation (including the management and maintenance of housing) of high quality long term housing for families of low and moderate income.
As added by P.L.69-1989, SEC.3.
Structure Indiana Code
Title 5. State and Local Administration
Chapter 3. Mutual Housing Associations
5-20-3-1. "Families of Low and Moderate Income" Defined
5-20-3-2. "Housing Project" Defined
5-20-3-3. "Mutual Housing Association" Defined
5-20-3-4. Establishment of Mutual Housing Association; Articles of Incorporation
5-20-3-5. Articles of Incorporation of Mutual Housing Association; Purposes
5-20-3-6. Contracts for State Financial Assistance; Mutual Housing Associations; Grants and Loans
5-20-3-7. Contracts for State Financial Assistance; Mutual Housing Associations; Provisions
5-20-3-8. Service Charges; Mutual Housing Associations; Loans and Grants