Section 125.2761 – Short Title.

125.2761 Short title. Sec. 1. This act shall be known and may be cited as the “urban homesteading in single-family public housing act”. History: 1999, Act 128, Imd. Eff. July 23, 1999

Section 125.2762 – Definitions.

125.2762 Definitions. Sec. 2. As used in this act: (a) “Administrator” means a local governmental unit or a nonprofit community organization under contract with a local governmental unit to administer a homestead program under this act. (b) “Applicant” means an individual and the spouse of that individual if that spouse intends to occupy the property […]

Section 125.2763 – Urban Homestead Program; Operation; Availability of Single-Family Public Housing Properties.

125.2763 Urban homestead program; operation; availability of single-family public housing properties. Sec. 3. By resolution, and subject to federal and state law, a local governmental unit may authorize a housing commission within that local governmental unit or a nonprofit community organization under contract with the housing commission to operate an urban homestead program in single-family […]

Section 125.2764 – Acquisition of Single-Family Public Housing Property; Homestead Agreement; Criteria; Substance Abuse Testing; Verification of School Attendance.

125.2764 Acquisition of single-family public housing property; homestead agreement; criteria; substance abuse testing; verification of school attendance. Sec. 4. (1) An applicant who meets all the following criteria is eligible to enter into a homestead agreement to acquire single-family public housing property as a qualified buyer under this act: (a) The applicant is employed and […]

Section 125.2765 – Acquisition of Single-Family Public Housing; Application; Conviction of Felony as Automatic Termination; Transfer of Legal Ownership; Maintenance of Escrow Account.

125.2765 Acquisition of single-family public housing; application; conviction of felony as automatic termination; transfer of legal ownership; maintenance of escrow account. Sec. 5. (1) A qualified buyer may apply to the administrator to acquire the single-family public housing property. The application shall be in a form and in a manner provided by the administrator. If […]

Section 125.2766 – Loans to Qualified Buyers.

125.2766 Loans to qualified buyers. Sec. 6. The Michigan state housing development authority may provide loans to qualified buyers who are required to pay the pro rata portion of the bonded debt on the single-family public housing. Loans provided under this section shall be made at a rate of interest not to exceed the qualified […]

Section 125.2767 – Implementation of Act; Waiver.

125.2767 Implementation of act; waiver. Sec. 7. If a waiver of federal law, rule, or policy is needed to implement this act, the housing commission and the Michigan state housing development authority may work together to obtain the appropriate waivers from the appropriate federal authorities. History: 1999, Act 128, Imd. Eff. July 23, 1999

Section 125.2768 – Additional Powers.

125.2768 Additional powers. Sec. 8. The powers of a local governmental unit prescribed in this act are in addition to any other powers provided by law or charter. History: 1999, Act 128, Imd. Eff. July 23, 1999

Section 125.2769 – Audit.

125.2769 Audit. Sec. 9. Not less than every 2 years, the housing commission or the nonprofit community organization appointed by the housing commission shall hire an independent auditor to audit the books and accounts of the urban homesteading program for single-family public housing operated by the housing commission or nonprofit community organization. Upon completion, the […]

Section 125.2770 – Late or Delinquent Rent.

125.2770 Late or delinquent rent. Sec. 10. A qualified buyer eligible for and participating in the urban homestead program shall be allowed the opportunity to make up any late or delinquent rent due. The administrator shall notify the individual of the arrearage and determine a payment schedule to make up past due rent. History: 1999, […]