Sec. 4.3. Notwithstanding any other provision in this chapter, after June 30, 2014: (1) a redevelopment commission; (2) a department of redevelopment; or (3) any other entity: (A) established by the commission or department; or (B) controlled by the commission or a member of the commission regardless of any pecuniary interest the member may have; may not own, lease, or otherwise hold a single family dwelling or condominium unit for purposes of leasing for the use by individuals as a dwelling. In addition, an arrangement or agreement that is contrary to this section may not be extended beyond the term of the arrangement or agreement as in effect on June 30, 2014. However, a commission, department, or entity covered by this section may own property in the capacity of a land bank for a unit.
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