(2) Persons with mental impairments.(3) Single parent households.(4) Victims of domestic violence.(5) Abused children.(6) Persons with chemical addictions.(7) Homeless persons.(8) The elderly.(b) As used in this section, 'qualified building' means a building:(1) that is used or will be used to provide residential housing for special needs populations; and(2) for which a taxpayer is eligible to claim a low income housing credit under 26 U.S.C. 42.(c) Subject to subsection (d), the authority shall allocate to qualified buildings at least ten percent (10%) of the total dollar amount of federal low income housing credits allocated to the authority under 26 U.S.C. 42. The authority shall allocate credits under this section based on the proportionate amount of a qualified building that is used to provide residential housing for special needs populations, as determined by the authority.(d) The authority shall hold available the allocation made under subsection (c) for qualified buildings through October 31 of each calendar year. ial needs populations, as determined by the authority.(d) The authority shall hold available the allocation made under subsection (c) for qualified buildings through October 31 of each calendar year. Beginning November 1 of each calendar year, any part of the allocation that remains unassigned shall be available for any appropriate use under 26 U.S.C. 42.As added by P.L.74-1989, SEC.1. Amended by P.L.2-1993, SEC.52; P.L.23-1993, SEC.17; P.L.272-1999, SEC.5; P.L.145-2008, SEC.4.
Indiana Legal Code