Sec. 9. A resident of a mutual housing association:
(1) must participate in the ongoing operation and management of the housing;
(2) must have a right to continue residing in the housing as long as the resident complies with the terms of the occupancy agreement; and
(3) may not possess an equity or ownership interest in the housing.
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