Effective 1-1-2024. 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.
"Affordable housing organization"
Ind. Code § 6-3.1-40.9-1, under Chapter 40.9. Attainable Homeownership Tax Credit.
Ind. Code § 6-3.1-40.9-1