Cal. Civ. Code § 5-20-4-12
Occupancy of housing developed with fund resources
Operative Text
Sec. 12. Rental housing that is developed with money from the fund shall be made available for occupancy to low income families or very low income families for at least fifteen (15) years. In the event of foreclosure or equivalent action, the remaining affordability period may be waived by the authority.
Under Ind. Code §§ 5-20-3-7, 5-20-3-9, 5-20-4-12, and 5-20-9-6, rental housing built or developed using Indiana Housing and Community Development Authority fund money must remain available to low-income and very low-income families for a minimum of fifteen years. This long-term affordability requirement is tied to the use of public fund resources, not simply to the property itself. If a foreclosure or comparable legal action occurs, the authority has the discretion to waive whatever portion of the fifteen-year period has not yet elapsed.
Plain English — not legal advice.
Operators of rental properties developed with Indiana Housing and Community Development Authority fund resources, as governed by Ind. Code §§ 5-20-3-7, 5-20-3-9, 5-20-4-12, and 5-20-9-6, are generally expected to maintain income-eligibility restrictions for low-income and very low-income households throughout the full fifteen-year affordability period. Compliant operators typically document tenant income qualifications and ensure that units are not rented to households exceeding the applicable income thresholds during that window. In the event of foreclosure or an equivalent proceeding, the remaining affordability obligation may be subject to waiver by the authority, but that determination rests with the authority itself.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Tenants residing in rental housing developed with Indiana fund resources have protections under Ind. Code §§ 5-20-3-7, 5-20-3-9, 5-20-4-12, and 5-20-9-6 that require the property to remain available to low-income and very low-income families for at least fifteen years. If a tenant believes a property subject to this requirement is no longer being made available in accordance with these income restrictions, they may consider contacting the Indiana Housing and Community Development Authority or a local tenant-rights organization to understand available options. In situations involving foreclosure, the affordability period may be waived by the authority, which can affect the protections available to current residents.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 14, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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