Title 36, LOCAL GOVERNMENT

Sec. 13. (a) A property for which no one applies in two (2) successive drawings held under this chapter may be sold at public auction to the highest bidder. (b) The proceeds of the sale of real property acquired under IC 6-1.1-25-7.5 shall be applied to the cost of the sale, incl…

Sec. 2. As used in this chapter, "rehabilitation loan" refers to a rehabilitation loan (as defined in 24 CFR 203.50(a)(1)) that is eligible for insurance under Section 203(k) of the National Housing Act (12 U.S.C. 1709(4k)). As added by P.L.118-2013, SEC.16.

Sec. 3. (a) The fiscal body of a unit may by ordinance designate an agency or quasi-public corporation, or establish a new agency, to administer an urban homesteading program under which a dwelling for one (1) to four (4) families may be conveyed to individuals who must: (1) occu…

Sec. 4. (a) The agency designated or established under section 3 of this chapter may acquire real property in the name of the unit, for use as provided in this chapter. (b) Under IC 6-1.1-24-4.5, the county auditor shall provide a list of real property on which one (1) or more in…

Sec. 5. The agency shall, after the acquisition of real property for use as provided in this chapter, take the steps necessary to fully inform the residents of each unit in which the dwellings are located of: (1) the existence, nature, and location of the dwellings; (2) the quali…

Sec. 6. (a) An individual may apply for the program by completing an application. (b) An individual is qualified and shall be approved to receive real property offered under this chapter if: (1) the individual is at least eighteen (18) years of age; (2) the individual applies for…

Sec. 7. (a) The conveyance of a dwelling to an applicant under this chapter shall be made in return for a fee of: (1) one dollar ($1); plus (2) the amounts described in IC 6-1.1-24-5(e)(4) through IC 6-1.1-24-5(e)(6); if the applicant executes an agreement that meets the minimum …

Sec. 8. (a) The agency shall convey real property acquired for the purposes of this chapter to an individual qualified under section 7 of this chapter by using a method prescribed by subsection (b) or (c). (b) The real property may be conveyed by a conditional sales contract, wit…

Sec. 9. Before the vesting of a fee simple title in the purchaser under section 10 of this chapter, any material failure by the purchaser to carry out the agreement entered into under section 7 of this chapter nullifies the agreement and all right, title, and interest in the prop…