110 chapters · 1,399 sections in this title.
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…
Mich. Comp. Laws § 125.2705 Application to rent property; lease agreement; provisions; conditions for deeding property.
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Sec. 5. (1) A qualified buyer may apply to the administrator to rent certain property in that local governmental unit. The application shall be in a form and in a manner provided by the administrator. If the application is approved, the qualified buyer and administrator shall ent…
Disposition of rent receipts.
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Sec. 6. (1) If the local governmental unit acts as the administrator under this act, the rental receipts shall be deposited in a separate fund within the general fund of the local governmental unit. If the local governmental unit contracts with a nonprofit community organization …