SB 397

Bill Subjects

Agencies; Housing And Community Development Authority (Ihcda) Business Organizations And Associations; Charitable Organizations And Nonprofits Construction Counties; Marion Property; Real Estate Senior Citizens

Abstract

Establishes a matching grant pilot program (pilot program) that applies only in Marion County to make grants to individuals who: (1) are at least 65 years of age; (2) own a primary residence; and (3) have received funds from a nonprofit corporation to make repairs to the individual's primary residence. Requires the Indiana housing and community development authority (IHCDA) to administer the pilot program. Sets forth the maximum amount of a grant that an individual may receive from the grant fund. Provides for the expiration of the pilot program. Appropriates $1,000,000 to the IHCDA for deposit in the grant fund.