§ 6-3-1-40-9-1

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.