MCL - Index of Act 346 of 1966
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| Act 346 of 1966 | STATE HOUSING DEVELOPMENT AUTHORITY ACT OF 1966 (125.1401 - 125.1499c) |
| Section 125.1401 | Legislative determinations and findings. |
| Section 125.1402 | Short title. |
| 346-1966-1 | CHAPTER 1 (125.1411...125.1417) |
| Section 125.1411 | Definitions. |
| Section 125.1412 | Liberal construction. |
| Section 125.1415 | Repealed. 1968, Act 334, Imd. Eff. July 14, 1968. |
| Section 125.1415a | Exemption 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. |
| Section 125.1417 | Advisory and other services. |
| 346-1966-2 | CHAPTER 2 (125.1421...125.1449v) |
| Section 125.1421 | Michigan 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. |
| Section 125.1422 | Powers of authority. |
| Section 125.1422a | Rehabilitation 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. |
| Section 125.1422b | Designation 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. |
| Section 125.1422c | Subsidiary nonprofit housing corporation. |
| Section 125.1422d | Investments. |
| Section 125.1423 | Housing development fund; creation; payments into fund. |
| Section 125.1424 | Housing development fund; advances; grants; transfer of moneys. |
| Section 125.1424a | Land acquisition and development fund; creation; payment of moneys into fund. |
| Section 125.1424b | Land acquisition and development fund; use of moneys; acquisition and exchange of real property; improvements to real property; costs; conveyance of real property. |
| Section 125.1424c | Transfer of moneys to housing development fund or rehabilitation fund. |
| Section 125.1424d | Rehabilitation fund; creation; jurisdiction; payments. |
| Section 125.1424e | Rehabilitation fund; use of moneys; allocations or pledges to holders of bonds. |
| Section 125.1424f | Recapture tax fund; creation; establishment; payment; use. |
| Section 125.1424g | Repealed. 1985, Act 183, Imd. Eff. Dec. 18, 1985. |
| Section 125.1425 | Bonds 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. |
| Section 125.1426 | Bonds and notes; authorization; terms. |
| Section 125.1427 | Notes or bonds; resolution authorizing issuance; contents. |
| Section 125.1428 | Notes and bonds; validity and effect of pledge. |
| Section 125.1429 | Notes and bonds; personal liability of members of authority. |
| Section 125.1430 | Notes and bonds; purchase for cancellation; price. |
| Section 125.1431 | Notes and bonds; liability of state. |
| Section 125.1432 | Capital 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. |
| Section 125.1432a | Issuance of bonds to finance single family homes; previous ownership interest; publicizing program; report to legislature; section inapplicable to refinancing single family homes. |
| Section 125.1432b | Mortgage 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). |
| Section 125.1432c | Repealed. 1988, Act 496, Eff. Mar. 30, 1989. |
| Section 125.1432d | Legislative intent. |
| Section 125.1433 | General reserve fund; creation; payments into fund; use of fund. |
| Section 125.1434 | Notes and bonds; pledge and agreement of state. |
| Section 125.1435 | Trustee; default; powers and duties. |
| Section 125.1436 | Trustee; additional powers. |
| Section 125.1437 | Venue. |
| Section 125.1438 | Notes and bonds; notice; declaration, due and payable. |
| Section 125.1439 | Money 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. |
| Section 125.1440 | Notes and bonds; legal investment. |
| Section 125.1441 | Faith and credit bonds. |
| Section 125.1442 | Property of authority; exempt from taxation. |
| Section 125.1443 | Notes and bonds; exemption from taxation. |
| Section 125.1443a | Authorization of covenant and consent. |
| Section 125.1444 | Loans; 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. |
| Section 125.1444a | Rehabilitation 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. |
| Section 125.1444b | Loans to mortgage lenders; authorized purchases and commitments; requirements and conditions; report. |
| Section 125.1444c | Use 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. |
| Section 125.1444d | Authorized loans; purpose; criteria. |
| Section 125.1444e | Income eligibility standards applicable to tenant of housing project. |
| Section 125.1444f | Loan for housing project in effectively treatable area; demonstration of community support; return on investment. |
| Section 125.1444g | Enforcement of promises or commitments; action to be brought against authority. |
| Section 125.1445 | Preference to displaced persons. |
| Section 125.1446 | Discrimination. |
| Section 125.1447 | Obtaining money, property, or service with intent to defraud or cheat; penalty; determination of total value; prior convictions; prohibited use. |
| Section 125.1448 | Foreclosure procedures applicable to authority. |
| Section 125.1448a | Jurisdiction to foreclose mortgages and land contracts held by authority. |
| Section 125.1448b | Other civil actions. |
| Section 125.1448c | Bringing amount due into court before judgment of sale; dismissal of complaint. |
| Section 125.1448d | Sale of premises pursuant to circuit court order. |
| Section 125.1448e | Bringing amount due into court after judgment of sale; stay of proceedings; subsequent default. |
| Section 125.1448f | Public sale of land by county clerk, deputy county clerk, or other authorized person; hours; location; sale subject to MCL 600.6091. |
| Section 125.1448g | Deed of sale; execution; operation; right, title, and interest vested in grantee; recordation; redemption of premises. |
| Section 125.1448h | Sale proceeds; application to discharge of debt; surplus; interest. |
| Section 125.1448i | Redemption of premises; effect on deed of sale; affidavit. |
| Section 125.1448j | Adding property tax and insurance premium payments made after foreclosure to amount due in judgment; determination of additional liability; affidavits; receipt; redemption. |
| Section 125.1448k | Personal liability on land contract or for mortgage debt; original judgment; deficiency; delivery of premises to purchaser; order. |
| Section 125.1448<Emph EmphType="italic">l</Emph> | Forfeiture, foreclosure, or specific performance proceedings; minimum price. |
| Section 125.1448m | Land contract or mortgage debt secured by evidence of debt of person other than vendee or mortgagor; party; court order. |
| Section 125.1448n | Sale of premises; default subsequent to judgment. |
| Section 125.1448o | Action to discharge mortgage or land contract; judgment entered by court; contents; minutes; delivery of judgment to authority; recordation of judgment. |
| Section 125.1448p | Equitable actions. |
| Section 125.1449 | Foreclosure by advertisement. |
| Section 125.1449a | Right 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. |
| Section 125.1449b | Notice of sale; publication; posting copy of notice upon premises. |
| Section 125.1449c | Notice of sale; contents. |
| Section 125.1449d | Sale of premises at public sale; hours; location; appointed person; highest bidder. |
| Section 125.1449e | Adjournment of sale; request; notice; oral announcement unnecessary. |
| Section 125.1449f | Sale of distinct farms, tracts, or lots separately or together. |
| Section 125.1449g | Purchase of premises by authority or its successor or assign permitted. |
| Section 125.1449h | Deed; 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. |
| Section 125.1449i | Deed; 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. |
| Section 125.1449j | Redemption of premises; payment of taxes or insurance premiums; redemption period; fees or charges. |
| Section 125.1449k | Abandonment of premises; presumption. |
| Section 125.1449<Emph EmphType="italic">l</Emph> | Payment of entire sum bid at sale, interest, and fee, or delivery of certificate of payment to register; destruction of deed; memoranda. |
| Section 125.1449m | Refusal to make and acknowledge certificate of payment; liability; damages; civil action. |
| Section 125.1449n | Disposition of surplus money remaining after sale of real estate. |
| Section 125.1449o | Perpetuating evidence of sale; affidavit; endorsement upon or annexation to instrument; references. |
| Section 125.1449p | Taking and certifying affidavits. |
| Section 125.1449q | Recording affidavits; presumptive evidence of facts. |
| Section 125.1449r | Note recording evidence of sale to be made in margin of mortgage record. |
| Section 125.1449s | Notice of payment to purchaser, agent, or attorney. |
| Section 125.1449t | Right to enter mortgaged premises to post or serve notices. |
| Section 125.1449u | Action to recover deficiency judgment against mortgagor; defense; applicability of section. |
| Section 125.1449v | Foreclosure against residential property not exceeding 4 units and not more than 3 acres; applicability of section. |
| 346-1966-3 | CHAPTER 3 (125.1451...125.1457) |
| Section 125.1451 | Definitions. |
| Section 125.1452 | Low and moderate income housing; dwelling units to certain low income persons and families. |
| Section 125.1453 | Low income housing; criteria for determination of occupant eligibility; rental charges. |
| Section 125.1454 | Low and moderate income housing; agreements for services of selection of eligible families and individuals. |
| Section 125.1455 | Low and moderate income housing; rights of persons or families benefited. |
| Section 125.1456 | Low and moderate income housing; financing for small scale housing developments. |
| Section 125.1457 | Appropriation. |
| 346-1966-3A | CHAPTER 3A (125.1458...125.1458f) |
| Section 125.1458 | Definitions. |
| 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. |
| 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. |
| Section 125.1458c | Expenditures; purposes. |
| Section 125.1458d | Housing assistance; conditions. |
| 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. |
| Section 125.1458f | Rights of holders of authority bonds or notes; construction of chapter as to status of money controlled by authority. |
| 346-1966-3B | CHAPTER 3B (125.1459...125.1459a) |
| Section 125.1459 | Definitions. |
| Section 125.1459a | Supportive housing property; filing in affidavit form; certification by authority; filing of certified notification of exemption with local assessing officer; certification on first-come, first-served basis; limitation. |
| 346-1966-4 | CHAPTER 4 (125.1461...125.1465) |
| Section 125.1461 | Nonprofit housing corporations; incorporation. |
| Section 125.1462 | Qualified nonprofit housing corporations; corporate name. |
| Section 125.1463 | Nonprofit housing corporation; articles of incorporation. |
| Section 125.1464 | Directors, additional, power of authority. |
| Section 125.1465 | Articles of incorporation; filing, approval. |
| 346-1966-5 | CHAPTER 5 (125.1471...125.1475) |
| Section 125.1471 | Consumer housing cooperatives; incorporation. |
| Section 125.1472 | “Consumer housing cooperative” as part of corporate name; exception. |
| Section 125.1473 | Consumer housing cooperative; articles of incorporation. |
| Section 125.1474 | Appointment of directors sufficient in number to constitute majority of board; conditions; exception. |
| Section 125.1475 | Articles of incorporation; filing, approval of authority. |
| 346-1966-6 | CHAPTER 6 (125.1481...125.1486) |
| Section 125.1481 | Limited dividend housing corporations; incorporation. |
| Section 125.1482 | Corporate name. |
| Section 125.1483 | Limited dividend housing corporation; articles of incorporation. |
| Section 125.1484 | Surplus; definition. |
| Section 125.1485 | Directors, additional, power of authority. |
| Section 125.1486 | Articles of incorporation; filing, approval. |
| 346-1966-7 | CHAPTER 7 (125.1491...125.1496) |
| Section 125.1491 | Limited dividend housing association; approval; membership. |
| Section 125.1492 | Association name. |
| Section 125.1493 | Limited dividend housing association; provisions of partnership agreement, joint venture agreement, trust agreement, or other document of basic organization. |
| Section 125.1494 | Surplus; definition. |
| Section 125.1495 | Managing agent; power of authority. |
| Section 125.1496 | Basic organization document; approval. |
| 346-1966-8 | CHAPTER 8 (125.1497...125.1497f) |
| Section 125.1497 | Applicability of chapter to mobile home park corporations. |
| Section 125.1497a | Mobile home park corporation; incorporation and qualification requirements. |
| Section 125.1497b | Corporate name. |
| Section 125.1497c | Mobile home park corporation; articles of incorporation. |
| Section 125.1497d | Articles of incorporation; appointment of new directors to board of directors; majority; conditions. |
| Section 125.1497e | Articles of incorporation; approval of terms. |
| Section 125.1497f | “Surplus” construed. |
| 346-1966-9 | CHAPTER 9 (125.1498...125.1498f) |
| Section 125.1498 | Applicability of chapter to mobile home park associations. |
| Section 125.1498a | Mobile home park association; included entities; approval; membership. |
| Section 125.1498b | Mobile home park association name. |
| Section 125.1498c | Mobile home park association; provisions of partnership agreement, joint venture agreement, trust agreement, or other document of basic organization. |
| Section 125.1498d | Document of basic organization; managing agent; appointment; powers; conditions. |
| Section 125.1498e | Document of basic organization; approval of terms. |
| Section 125.1498f | “Surplus” construed. |
| 346-1966-10 | CHAPTER 10 (125.1499...125.1499c) |
| Section 125.1499 | Mutual housing association generally. |
| Section 125.1499a | Mutual housing association; corporate name. |
| Section 125.1499b | Mutual housing association; requirements. |
| Section 125.1499c | Loans or grants. |