Sec. 55. (a) This section applies only to a residential housing development program authorized by section 53 of this chapter.

     (b) The commission must make the following findings in the resolution adopting a residential housing development program under section 53 of this chapter:

(1) The public health and welfare will be benefited by accomplishment of the program.

(2) The accomplishment of the program will be of public utility and benefit as measured by:

(A) the provision of adequate residential housing;

(B) an increase in the property tax base; or

(C) other similar public benefits.

As added by P.L.235-2019, SEC.4.