MCL - 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
Document | Type | Description |
---|---|---|
Section 125.2721 | Section | Short title. |
Section 125.2722 | Section | Definitions. |
Section 125.2723 | Section | Urban homestead program in multifamily public housing; availability of property to qualified buyers; resolution; appeals process to applicants and buyers. |
Section 125.2724 | Section | 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 | Section | Transfer of legal ownership. |
Section 125.2726 | Section | Acquisition of public housing property; eligibility to enter homestead agreement; substance abuse testing; verification of school attendance. |
Section 125.2727 | Section | 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 | Section | Mortgage loans. |
Section 125.2729 | Section | Right of first refusal. |
Section 125.2730 | Section | Legal ownership by resident organization or successor entity; effect on residents who do not become owners. |
Section 125.2731 | Section | Federal waivers. |
Section 125.2732 | Section | Additional powers. |
Section 125.2733 | Section | Audit. |
Section 125.2734 | Section | Late or delinquent rent. |