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110 chapters · 1,399 sections in this title.
Mich. Comp. Laws § 125.2701 Short title.
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Sec. 1. This act shall be known and may be cited as the "urban homestead act".
Mich. Comp. Laws § 125.2702 Definitions.
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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. (b) "Applicant" means an individual and the spouse of that individual if that spouse intends to occupy the proper…
Mich. Comp. Laws § 125.2703 Urban homestead program; availability of property to qualified buyers; resolution; designation of administrator by local government; appeals process to applicants and buyers.
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Sec. 3. By resolution, a local governmental unit may operate, or may contract with a nonprofit community organization to operate and administer, an urban homestead program that makes property available to qualified buyers to rent and purchase under this act. In the resolution, th…
Mich. Comp. Laws § 125.2704 Eligibility of applicant to rent and purchase property; criteria; substance abuse testing; verification of school attendance.
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Sec. 4. (1) An applicant that meets all the following criteria is eligible to rent and purchase property as a qualified buyer under this act: (a) The applicant is employed and has been employed for the immediately preceding 1-year period or is otherwise able to meet the financial…