Indiana Code 6-3.1-40.9-1. “Affordable housing organization”
Current as of: 2023 | Check for updates
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Sec. 1. As used in this chapter, “affordable housing organization” refers to an organization that:
(1) is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code; and
(2) uses volunteers to build, renovate, and develop homeownership units for individuals whose income is at least thirty percent (30%) and not more than eighty percent (80%) of the area median income.
As added by P.L.201-2023, SEC.104.