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