IC 4-4-28-2: "Community development corporation"

Sec. 2. As used in this chapter, "community development corporation" means a private, nonprofit corporation:

(1) whose board of directors consists primarily of community representatives and business, civic, and community leaders; and

(2) whose principal purpose includes the provision of:

(A) housing;

(B) community based economic development projects; or

(C) social services;

that primarily benefit low income individuals and communities.