Senate Bill 485
DIGEST
Home modification loan pilot program. Establishes the home modification loan pilot program (pilot program). Authorizes the Indiana housing and community development authority to administer the pilot program. Provides: (1) that the Indiana housing and community development authority may make zero interest or low interest loans under the pilot program to provide funds for the purpose of modifying the primary dwellings of eligible individuals and families of low and moderate income; (2) that eligible individuals or families must be or include individuals with disabilities or individuals who have a child with disabilities; and (3) that an eligible individual's or family's primary
Home modification loan pilot program. Establishes the home modification loan pilot program (pilot program). Authorizes the Indiana housing and community development authority to administer the pilot program. Provides: (1) that the Indiana housing and community development authority may make zero interest or low interest loans under the pilot program to provide funds for the purpose of modifying the primary dwellings of eligible individuals and families of low and moderate income; (2) that eligible individuals or families must be or include individuals with disabilities or individuals who have a child with disabilities; and (3) that an eligible individual's or family's primary
dwelling must be located in Lake County, LaPorte County, or Porter County. Specifies that the loans may be used only to modify an eligible individual's primary dwelling to aid the independent functioning of an individual with disabilities or individual who has a child with disabilities. Makes an appropriation.
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