As used in this chapter, "qualified property" means commercial or residential real property, including a structure or building located on the real property, that:

1. (1) is the subject of an order for demolition and removal issued under IC 36-7-9-5 (a)(6) or IC 36-7-9-5 (a)(7);

2. (2) is:

   1. (A) vacant or abandoned;
   2. (B) blighted; or
   3. (C) otherwise structurally damaged; and
3. (3) poses a public health or safety risk in the community, including by contributing to crime.

As added by P.L.195-2023, SEC.6.