Housing projects; authorization; limitations
Ind. Code § 36-7-18-16
in effectSec. 16. (a) A housing authority may:
(1) prepare, carry out, acquire, lease, and operate housing projects; and
(2) provide for the construction, reconstruction, improvement, alteration, or repair of all or part of a housing project.
(b) Notwithstanding subsection (a), a housing project may not be built if the average construction cost, exclusive of the cost of land, demolition, and nondwelling facilities, is more than:
(1) four thousand dollars ($4,000) per room;
(2) fifteen thousand dollars ($15,000) per room, if the accommodations are designed specifically for persons of low income who:
(A) have attained the age at which they may elect to receive old age benefits under Title 2 of the Social Security Act (42 U.S.C. 401-433); or
(B) are under disability (as defined in Section 223 of that Act (42 U.S.C. 423)); or
(3) any greater amount established by the federal government as the basis for computing any of its annual contributions.
(c) Notwithstanding subsection (b), if the housing authority finds that:
(1) compliance with the cost limitations in subsection (b) would require the sacrifice of sound standards of construction, design, and livability in a project; and
(2) there is an acute need for the proposed housing;
it may exceed the cost limitation that would otherwise be applicable under subsection (b) by not more than an amount necessary to make the project financially feasible.
[Pre-Local Government Recodification Citations: 18-7-11-8(b); 18-7-11-3(o).]
As added by Acts 1981, P.L.309, SEC.37. Amended by P.L.309-1989, SEC.1; P.L.255-1996, SEC.27; P.L.73-2026, SEC.29.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026