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2006 Michigan Compiled Laws - Act 84 of 1999


URBAN HOMESTEADING IN MULTIFAMILY PUBLIC HOUSING ACT

Act 84 of 1999

AN ACT to create an urban homestead program for multifamily public housing; to provide that certain local governmental units and public housing entities create and administer urban homestead programs for multifamily public housing; to prescribe the powers and duties of certain state and local governmental units and public housing entities; and to provide for the disposition of personal and real property.


History: 1999, Act 84, Imd. Eff. June 28, 1999




The People of the State of Michigan enact:

DocumentDescription
Section 125.2721Short title.
Section 125.2722Definitions.
Section 125.2723Urban homestead program in multifamily public housing; availability of property to qualified buyers; resolution; appeals process to applicants and buyers.
Section 125.2724Acquisition of housing project by resident organization; conditions; payment of fees and operation subsidies; management training and counseling; application for grant funds.
Section 125.2725Transfer of legal ownership.
Section 125.2726Acquisition of public housing property; eligibility to enter homestead agreement; substance abuse testing; verification of school attendance.
Section 125.2727Acquisition of public housing unit in which qualified buyer resides; application; felony as automatic termination; conditions for transfer of legal ownership; escrow account.
Section 125.2728Mortgage loans.
Section 125.2729Right of first refusal.
Section 125.2730Legal ownership by resident organization or successor entity; effect on residents who do not become owners.
Section 125.2731Federal waivers.
Section 125.2732Additional powers.
Section 125.2733Audit.
Section 125.2734Late or delinquent rent.

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