2010 Michigan Compiled Laws
Chapter 125 - PLANNING, HOUSING, AND ZONING
Act 84 of 1999 - URBAN HOMESTEADING IN MULTIFAMILY PUBLIC HOUSING ACT (125.2721 - 125.2734)

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

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