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Indiana Code Title 36. Local Government § 36-7-15.1-4.3

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Sec. 4.3. Notwithstanding any other provision in this chapter, after June 30, 2014:

(1) a redevelopment commission;

(2) a department of redevelopment;  or

(3) any other entity:

(A) established by the commission or department;  or

(B) controlled by the commission or a member of the commission regardless of any pecuniary interest the member may have;

may not own, lease, or otherwise hold a single family dwelling or condominium unit for purposes of leasing for the use by individuals as a dwelling.  In addition, an arrangement or agreement that is contrary to this section may not be extended beyond the term of the arrangement or agreement as in effect on June 30, 2014.  However, a commission, department, or entity covered by this section may own property in the capacity of a land bank for a unit.

Cite this article: - Indiana Code Title 36. Local Government § 36-7-15.1-4.3 - last updated June 08, 2021 |

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