Michigan Compiled Laws Act 84 Of 1999 Urban Homesteading In Multifamily Public Housing Act (125.2721 - 125.2734)

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.
This act shall be known and may be cited as the “urban homesteading in multifamily public housing act”. History: 1999, Act 84, Imd. Eff....
Section 125.2722 Definitions.
As used in this act: (a) “Applicant” means an individual and the spouse of that individual if that spouse intends to occupy the property...
Section 125.2723 Urban Homestead Program In Multifamily Public Housing; Availability Of Property To Qualified Buyers; Resolution; Appeals Process To Applicants And Buyers.
By resolution, and subject to federal and state law, a local governmental unit may authorize a housing commission within that local governmental unit to...
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.
(1) A resident organization in a housing project that contracts with a housing commission to manage the housing project shall acquire the housing project...
Section 125.2725 Transfer Of Legal Ownership.
(1) If the resident organization has successfully managed the housing project under this act and each member of the resident organization meets the criteria...
Section 125.2726 Acquisition Of Public Housing Property; Eligibility To Enter Homestead Agreement; Substance Abuse Testing; Verification Of School Attendance.
(1) An applicant who meets all the following criteria is eligible to enter into a homestead agreement to acquire public housing property as a...
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.
(1) A qualified buyer may apply to the resident organization or successor entity to acquire the public housing unit in which the qualified buyer...
Section 125.2728 Mortgage Loans.
The Michigan state housing development authority may provide mortgage loans to qualified buyers who are required to pay for their unit in the multifamily...
Section 125.2729 Right Of First Refusal.
For 5 years after a qualified buyer takes ownership of a unit under this act, the resident organization or successor entity has a right...
Section 125.2730 Legal Ownership By Resident Organization Or Successor Entity; Effect On Residents Who Do Not Become Owners.
(1) Residents of the housing project who resided in the housing project before the resident organization or successor entity took legal ownership may continue...
Section 125.2731 Federal Waivers.
If a waiver of federal law, rule, or policy is needed to implement this act, the housing commission, the Michigan state housing development authority,...
Section 125.2732 Additional Powers.
The powers of a local governmental unit prescribed in this act are in addition to any other powers provided by law or charter. History:...
Section 125.2733 Audit.
(1) Not less than every 2 years, the housing commission shall hire an independent auditor to audit the books and accounts of a resident...
Section 125.2734 Late Or Delinquent Rent.
A qualified buyer eligible for and participating in the urban homestead program shall be allowed the opportunity to make up any late or delinquent...

Last modified: October 10, 2016