Michigan Compiled Laws 346-1966-3a Chapter 3a (125.1458...125.1458f)

Section 125.1458 Definitions.
(1) The definitions in section 11 apply to this chapter unless otherwise provided in this chapter. (2) As used in this chapter: (a) "Adjacent...
Section 125.1458a Michigan Housing And Community Development Fund; Creation; Administration; Credit Of Amounts And Earnings From Investments; Availability Of Money For Disbursement; Money In Fund At End Of Fiscal Year.
(1) The Michigan housing and community development fund is created as a separate fund in the authority. (2) The fund shall be administered by...
Section 125.1458b Michigan Housing And Community Development Program; Creation And Implementation; Purpose; Availability Of Financing To Eligible Applicants; Biennial Allocation Plan; Public Hearings; Annual Report; Rules.
(1) The authority shall create and implement the Michigan housing and community development program for the purpose of developing and coordinating public and private...
Section 125.1458c Expenditures; Purposes.
(1) The authority shall expend money in the fund to make grants, mortgage loans, or other loans to eligible applicants as provided in this...
Section 125.1458d Housing Assistance; Conditions.
The authority shall not provide assistance for housing under this chapter unless both of the following circumstances exist: (a) If the housing is multifamily...
Section 125.1458e Michigan Housing And Community Development Fund Advisory Committee; Creation; Membership; Terms; Vacancy; Compensation; Expenses; Chairperson; Vice-chairperson; Scope Of Advice; Space, Supplies, And Staff; Public Meetings; Quorum; Majority Vote; Information Used For Personal Gain Prohibited; Adoption Of Code Of Ethics.
(1) The Michigan housing and community development fund advisory committee is created in the authority. The committee shall have 10 members. Members of the...
Section 125.1458f Rights Of Holders Of Authority Bonds Or Notes; Construction Of Chapter As To Status Of Money Controlled By Authority.
(1) When performing duties under this chapter, the authority and the committee created under section 58e shall remain cognizant of the rights of the...

Last modified: October 10, 2016