Sec. 16. An eligible entity must allocate at least fifty percent (50%) of the money received for the production, rehabilitation, or purchase of housing to the production, rehabilitation, or purchase of housing units to be occupied by very low income households.
As added by P.L.115-2000, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Chapter 5. Indiana Affordable Housing Fund
5-20-5-3. "Eligible Entity" Defined
5-20-5-6. "Lower Income Families" Defined
5-20-5-8. Authority May Provide Grants and Loans
5-20-5-16. Allocation for Very Low Income Households
5-20-5-17. Allocation for Nonprofit Corporation, Public Housing Authority, or Unit of Government