Sec. 8. The Indiana housing and community development authority may assess a mutual housing association a service charge for each loan or grant provided to the association. As added by P.L.69-1989, SEC.3. Amended by P.L.1-2006, SEC.111 and P.L.181-2006, SEC.26.
IC 5-20-3-9 Mutual housing association; resident requirements Sec. 9. A resident of a mutual housing association: (1) must participate in the ongoing operation and management of the housing; (2) must have a right to continue residing in the housing as long as the resident complies with the terms of the occupancy agreement; and (3) may not possess an equity or ownership interest in the housing. As added by P.L.69-1989, SEC.3.