§ 5-20-4-2 “Families”
§ 5-20-4-3 “Housing and community development authority”
§ 5-20-4-4 “Fund”
§ 5-20-4-5 “Lower income families”
§ 5-20-4-6 “Very low income families”
§ 5-20-4-7 Establishment of fund; administration; resources; investments; disposition of remaining money; interest
§ 5-20-4-8 Financial assistance; form; allocation
§ 5-20-4-9 Terms of loans from board for depositories insurance fund
§ 5-20-4-10.1 Repayment of loans; procedures
§ 5-20-4-11 Allocation of fund resources
§ 5-20-4-12 Occupancy of housing developed with fund resources
§ 5-20-4-13 Developer certification of compliance with federal requirements
§ 5-20-4-14 Policies and procedures for implementation of chapter

Terms Used In Indiana Code > Title 5 > Article 20 > Chapter 4 - Affordable Housing and Community Development Fund

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • authority: refers to the Indiana housing and community development authority established under IC 5-20-1. See Indiana Code 5-20-4-3
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • families: has the meaning set forth in 42 U. See Indiana Code 5-20-4-2
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • fund: refers to the affordable housing and community development fund established by section 7 of this chapter. See Indiana Code 5-20-4-4
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • very low income families: means families whose income does not exceed fifty percent (50%) of the median for the area. See Indiana Code 5-20-4-6