As used in this chapter, 'community development corporation' means a private, nonprofit corporation:(1) whose board of directors consists primarily of community representatives and business, civic, and community leaders; and(2) whose principal purpose includes the provision of:(A) housing;(B) community based economic development projects; or(C) social services;that primarily benefit low income individuals and communities.As added by P.L.15-1997, SEC.1. Amended by P.L.4-1999, SEC.1.
Indiana Legal Code