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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: FindLaw.com - Indiana Code Title 36. Local Government § 36-7-15.1-4.3 - last updated June 08, 2021 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-7-15-1-4-3/
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