(b) The ranking system must prioritize making loans for eligible projects to participants that:(1) have:(A) invested in a housing study within the last five (5) years;(B) had a housing study performed by a region's local economic development organization; or(C) demonstrated the need for housing inventory as indicated by the Indiana state housing dashboard;(2) have voluntarily revised unified development ordinances, zoning regulations, or other land development rules to allow for:(A) higher density development;(B) construction of other housing types including accessory dwelling units and manufactured and modular housing;(C) adaptive reuse of commercial buildings for residential use; or(D) waiver or elimination of regulations such as requirements for:(i) garage size and placement;(ii) steeper roof pitch;(iii) minimum lot size and square footage;(iv) greater setbacks;(v) off-street parking; or(vi) design standards that restrict or prohibit the use of code compliant products;(3) do not have impact fee ordinances;(4) have secured private, local, state, or federal funds to contribute king; or(vi) design standards that restrict or prohibit the use of code compliant products;(3) do not have impact fee ordinances;(4) have secured private, local, state, or federal funds to contribute to the eligible project;(5) have secured a letter of support from an employer stipulating that the public infrastructure will support residential housing that is in reasonable proximity to employment; or(6) assist homeowners to age in place through restoration or renovation of existing homes.As added by P.L.204-2023, SEC.5. Amended by P.L.90-2024, SEC.3.
Indiana Legal Code