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Section 125.2721 - Short Title. - Sec. 1. This act shall be known and may be...
Section 125.2722 - Definitions. - Sec. 2. As used in this act: (a) "Applicant" means...
Section 125.2723 - Urban Homestead Program in Multifamily Public Housing; Availability of Property to Qualified Buyers; Resolution; Appeals Process to Applicants and Buyers. - Sec. 3. By resolution, and subject to federal and state...
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. - Sec. 4. (1) A resident organization in a housing project...
Section 125.2725 - Transfer of Legal Ownership. - Sec. 5. (1) If the resident organization has successfully managed...
Section 125.2726 - Acquisition of Public Housing Property; Eligibility to Enter Homestead Agreement; Substance Abuse Testing; Verification of School Attendance. - Sec. 6. (1) An applicant who meets all the following...
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. - Sec. 7. (1) A qualified buyer may apply to the...
Section 125.2728 - Mortgage Loans. - Sec. 8. The Michigan state housing development authority may provide...
Section 125.2729 - Right of First Refusal. - Sec. 9. For 5 years after a qualified buyer takes...
Section 125.2730 - Legal Ownership by Resident Organization or Successor Entity; Effect on Residents Who Do Not Become Owners. - Sec. 10. (1) Residents of the housing project who resided...
Section 125.2731 - Federal Waivers. - Sec. 11. If a waiver of federal law, rule, or...
Section 125.2732 - Additional Powers. - Sec. 12. The powers of a local governmental unit prescribed...
Section 125.2733 - Audit. - Sec. 13. (1) Not less than every 2 years, the...
Section 125.2734 - Late or Delinquent Rent. - Sec. 14. A qualified buyer eligible for and participating in...