Michigan · Statutes
Act Act-346-of-1966
151 sections
151 sections
- Mich. Comp. Laws § 125.1401Legislative determinations and findings.
- Mich. Comp. Laws § 125.1402Short title.
- Mich. Comp. Laws § 125.1411Definitions.
- Mich. Comp. Laws § 125.1412Liberal construction.
- Mich. Comp. Laws § 125.1415aExemption of housing project from taxes; filing certified notification of exemption with local assessing authority; annual service charge; amount; duration of exemption; distribution of payments for public services; exceptions; payment of service charge equal to full amount of taxes; reduced housing charges; "low income individuals or families" defined; rules; reimbursement prohibited; additional definitions.
- Mich. Comp. Laws § 125.1417Advisory and other services.
- Mich. Comp. Laws § 125.1421Michigan state housing development authority; creation; composition; appointment, qualifications, and terms of members; vacancy; expenses; certificate of appointment or reappointment; designated resident members; powers vested in members; quorum; actions of authority; findings of fact; meetings; chairperson and vice-chairperson; officers, agents, and employees; delegation of powers and duties; relationship to department of consumer and industry services; "section 8" defined.
- Mich. Comp. Laws § 125.1422Powers of authority.
- Mich. Comp. Laws § 125.1422aRehabilitation of residential real or rental property; loans, grants, or deferred payment loans to persons and families of low and moderate income; loans to persons in areas of chronic economic stress and to persons located elsewhere in state; powers of authority; participation or cooperation with governing bodies, private organizations, or public organizations; plan; selection of neighborhoods.
- Mich. Comp. Laws § 125.1422bDesignation of authority as housing credit agency; purpose; amount of housing credit ceiling; qualification of applicant; allocation plan; distribution; setting aside allocable amounts; reapportionment of unallocated credit amounts; applications for low income housing tax credit; fees; “rural housing projects” defined.
- Mich. Comp. Laws § 125.1422cSubsidiary nonprofit housing corporation.
- Mich. Comp. Laws § 125.1422dInvestments.
- Mich. Comp. Laws § 125.1422eHousing opportunity tax credit program.
- Mich. Comp. Laws § 125.1423Housing development fund; creation; payments into fund.
- Mich. Comp. Laws § 125.1424Housing development fund; advances; grants; transfer of moneys.
- Mich. Comp. Laws § 125.1424aLand acquisition and development fund; creation; payment of moneys into fund.
- Mich. Comp. Laws § 125.1424bLand acquisition and development fund; use of moneys; acquisition and exchange of real property; improvements to real property; costs; conveyance of real property.
- Mich. Comp. Laws § 125.1424cTransfer of moneys to housing development fund or rehabilitation fund.
- Mich. Comp. Laws § 125.1424dRehabilitation fund; creation; jurisdiction; payments.
- Mich. Comp. Laws § 125.1424eRehabilitation fund; use of moneys; allocations or pledges to holders of bonds.
- Mich. Comp. Laws § 125.1424fRecapture tax fund; creation; establishment; payment; use.
- Mich. Comp. Laws § 125.1425Bonds and notes; issuance; purposes; issuing renewal notes, bonds to pay notes and refunding bonds; notes or bonds as general obligations and negotiable instruments; revised municipal finance act inapplicable; issuance subject to agency financing reporting act.
- Mich. Comp. Laws § 125.1426Bonds and notes; authorization; terms.
- Mich. Comp. Laws § 125.1427Notes or bonds; resolution authorizing issuance; contents.
- Mich. Comp. Laws § 125.1428Notes and bonds; validity and effect of pledge.
- Mich. Comp. Laws § 125.1429Notes and bonds; personal liability of members of authority.
- Mich. Comp. Laws § 125.1430Notes and bonds; purchase for cancellation; price.
- Mich. Comp. Laws § 125.1431Notes and bonds; liability of state.
- Mich. Comp. Laws § 125.1432Capital reserve fund; definitions; federal housing subsidy programs; recommendations; priority; program of loans for mobile homes; program of loans for consumer housing cooperatives; notice of public hearing or proposed rule change; rules; identification of housing production goals; report to governor and committees; confidentiality.
- Mich. Comp. Laws § 125.1432aIssuance of bonds to finance single family homes; previous ownership interest; publicizing program; report to legislature; section inapplicable to refinancing single family homes.
- Mich. Comp. Laws § 125.1432bMortgage credit certificate program; authority designated as administrator; guidelines; qualifying for receipt of mortgage credit certificate; adaptation of property for use by disabled individuals; family income limits; applicability of internal revenue code; exception; retroactive effect of changes in subsections (3) and (4).
- Mich. Comp. Laws § 125.1432dLegislative intent.
- Mich. Comp. Laws § 125.1433General reserve fund; creation; payments into fund; use of fund.
- Mich. Comp. Laws § 125.1434Notes and bonds; pledge and agreement of state.
- Mich. Comp. Laws § 125.1435Trustee; default; powers and duties.
- Mich. Comp. Laws § 125.1436Trustee; additional powers.
- Mich. Comp. Laws § 125.1437Venue.
- Mich. Comp. Laws § 125.1438Notes and bonds; notice; declaration, due and payable.
- Mich. Comp. Laws § 125.1439Money of authority; deposit; security for deposits; contracts with holders of notes or bonds; security for money held in trust; system of accounts; spending for operating purposes; periodic audits; copies.
- Mich. Comp. Laws § 125.1440Notes and bonds; legal investment.
- Mich. Comp. Laws § 125.1441Faith and credit bonds.
- Mich. Comp. Laws § 125.1442Property of authority; exempt from taxation.
- Mich. Comp. Laws § 125.1443Notes and bonds; exemption from taxation.
- Mich. Comp. Laws § 125.1443aAuthorization of covenant and consent.
- Mich. Comp. Laws § 125.1444Loans; purposes; conditions; amount; eligibility; sales and resales; long-term financing or refinancing; securing and repaying loans; interest rate; misrepresentation of income; loans for newly rehabilitated, newly constructed, or existing 1- to 4-unit housing units; definitions.
- Mich. Comp. Laws § 125.1444aRehabilitation loans, grants, or deferred payment loans; eligibility; secured or unsecured loans or grants; insurance; reserve; interest; terms and conditions; rules; persons and families of low and moderate income; maximum principal loan amounts; minimum age of structure.
- Mich. Comp. Laws § 125.1444bLoans to mortgage lenders; authorized purchases and commitments; requirements and conditions; report.
- Mich. Comp. Laws § 125.1444cUse of proceeds of notes or bonds; qualification as rehabilitation; establishment of higher income limits; eligibility for occupancy; application; issuance of 6-month commitment to loan funds; limitation on outstanding loan commitments; fees; direct or indirect loan; sale, refinancing, or resyndication; allowable distributions; report to authority; authority-aided mortgage; monitoring compliance; remedies; regulation; liability; priority consideration; unified volume cap not as impairment; student housing project.
- Mich. Comp. Laws § 125.1444dAuthorized loans; purpose; criteria.
- Mich. Comp. Laws § 125.1444eIncome eligibility standards applicable to tenant of housing project.
- Mich. Comp. Laws § 125.1444fLoan for housing project in effectively treatable area; demonstration of community support; return on investment.
- Mich. Comp. Laws § 125.1444gEnforcement of promises or commitments; action to be brought against authority.
- Mich. Comp. Laws § 125.1445Preference to displaced persons.
- Mich. Comp. Laws § 125.1446Discrimination.
- Mich. Comp. Laws § 125.1447Obtaining money, property, or service with intent to defraud or cheat; penalty; determination of total value; prior convictions; prohibited use.
- Mich. Comp. Laws § 125.1448Foreclosure procedures applicable to authority.
- Mich. Comp. Laws § 125.1448aJurisdiction to foreclose mortgages and land contracts held by authority.
- Mich. Comp. Laws § 125.1448bOther civil actions.
- Mich. Comp. Laws § 125.1448cBringing amount due into court before judgment of sale; dismissal of complaint.
- Mich. Comp. Laws § 125.1448dSale of premises pursuant to circuit court order.
- Mich. Comp. Laws § 125.1448eBringing amount due into court after judgment of sale; stay of proceedings; subsequent default.
- Mich. Comp. Laws § 125.1448fPublic sale of land by county clerk, deputy county clerk, or other authorized person; hours; location; sale subject to MCL 600.6091.
- Mich. Comp. Laws § 125.1448gDeed of sale; execution; operation; right, title, and interest vested in grantee; recordation; redemption of premises.
- Mich. Comp. Laws § 125.1448hSale proceeds; application to discharge of debt; surplus; interest.
- Mich. Comp. Laws § 125.1448iRedemption of premises; effect on deed of sale; affidavit.
- Mich. Comp. Laws § 125.1448jAdding property tax and insurance premium payments made after foreclosure to amount due in judgment; determination of additional liability; affidavits; receipt; redemption.
- Mich. Comp. Laws § 125.1448kPersonal liability on land contract or for mortgage debt; original judgment; deficiency; delivery of premises to purchaser; order.
- Mich. Comp. Laws § 125.1448lForfeiture, foreclosure, or specific performance proceedings; minimum price.
- Mich. Comp. Laws § 125.1448mLand contract or mortgage debt secured by evidence of debt of person other than vendee or mortgagor; party; court order.
- Mich. Comp. Laws § 125.1448nSale of premises; default subsequent to judgment.
- Mich. Comp. Laws § 125.1448oAction to discharge mortgage or land contract; judgment entered by court; contents; minutes; delivery of judgment to authority; recordation of judgment.
- Mich. Comp. Laws § 125.1448pEquitable actions.
- Mich. Comp. Laws § 125.1449Foreclosure by advertisement.
- Mich. Comp. Laws § 125.1449aRight of authority to give notice and make foreclosure; conditions; mortgage securing payment of money by installments; installment as separate and independent mortgage; foreclosure and redemption.
- Mich. Comp. Laws § 125.1449bNotice of sale; publication; posting copy of notice upon premises.
- Mich. Comp. Laws § 125.1449cNotice of sale; contents.
- Mich. Comp. Laws § 125.1449dSale of premises at public sale; hours; location; appointed person; highest bidder.
- Mich. Comp. Laws § 125.1449eAdjournment of sale; request; notice; oral announcement unnecessary.
- Mich. Comp. Laws § 125.1449fSale of distinct farms, tracts, or lots separately or together.
- Mich. Comp. Laws § 125.1449gPurchase of premises by authority or its successor or assign permitted.
- Mich. Comp. Laws § 125.1449hDeed; execution, acknowledgment, and delivery by officer or person making sale; separate deeds where lands situated in several counties; endorsement, recordation, and indexation of deed by register of deeds; redemption.
- Mich. Comp. Laws § 125.1449iDeed; right, title, and interest vested in grantee; record of deed valid without re-recordation; effect of sale on valid subsisting lien created before mortgage lien took effect.
- Mich. Comp. Laws § 125.1449jRedemption of premises; payment of taxes or insurance premiums; redemption period; fees or charges.
- Mich. Comp. Laws § 125.1449kAbandonment of premises; presumption.
- Mich. Comp. Laws § 125.1449lPayment of entire sum bid at sale, interest, and fee, or delivery of certificate of payment to register; destruction of deed; memoranda.
- Mich. Comp. Laws § 125.1449mRefusal to make and acknowledge certificate of payment; liability; damages; civil action.
- Mich. Comp. Laws § 125.1449nDisposition of surplus money remaining after sale of real estate.
- Mich. Comp. Laws § 125.1449oPerpetuating evidence of sale; affidavit; endorsement upon or annexation to instrument; references.
- Mich. Comp. Laws § 125.1449pTaking and certifying affidavits.
- Mich. Comp. Laws § 125.1449qRecording affidavits; presumptive evidence of facts.
- Mich. Comp. Laws § 125.1449rNote recording evidence of sale to be made in margin of mortgage record.
- Mich. Comp. Laws § 125.1449sNotice of payment to purchaser, agent, or attorney.
- Mich. Comp. Laws § 125.1449tRight to enter mortgaged premises to post or serve notices.
- Mich. Comp. Laws § 125.1449uAction to recover deficiency judgment against mortgagor; defense; applicability of section.
- Mich. Comp. Laws § 125.1449vForeclosure against residential property not exceeding 4 units and not more than 3 acres; applicability of section.
- Mich. Comp. Laws § 125.1451Definitions.
- Mich. Comp. Laws § 125.1452Low and moderate income housing; dwelling units to certain low income persons and families.
- Mich. Comp. Laws § 125.1453Low income housing; criteria for determination of occupant eligibility; rental charges.
- Mich. Comp. Laws § 125.1454Low and moderate income housing; agreements for services of selection of eligible families and individuals.
- Mich. Comp. Laws § 125.1455Low and moderate income housing; rights of persons or families benefited.