Mich. Admin. Code R. 125.101

Current through Vol. 24-23, January 1, 2025

Section R. 125.101 - Definitions; A, C

Rule 101. As used in these rules:

(a) "Act" means the state housing development authority act of 1966, 1966 PA 346, MCL 125.1401 to 125.1499c.

(b) "Adjusted annual income" means gross income less $750.00 for each member of the household living in the same dwelling unit.

(c) "Adjusted household income" means the gross annual income from all sources and before taxes or withholding of all members of a household living in a dwelling unit or housing unit after deducting all of the following:

(i) Unusual or temporary income of any member of the household.

(ii) Six hundred and fifty dollars for each member of the household.

(iii) Earnings of a member of a household who is under 18 years of age or who is a person with disabilities.

(iv) Fifty percent of the income of a second adult wage earner jointly occupying the dwelling or housing unit whose individual income is less than that of the wage earner with the highest income.

(v) The lesser of $1,000.00 or 10% of the gross annual income.

(d) "Applicant" means a corporation, partnership, joint venture, trust, individual, public body or agency, or other entity applying to receive authority money or services under the act.

(e) "Application" means a request for authority assistance under the act made on forms furnished by the authority.

(f) "Authority" means the Michigan state housing development authority created by the act.

(g) "Authorized officer" means any person designated as an authorized officer of the authority or any other person to whom a power or duty has been specifically delegated by the signatory resolution adopted by the authority.

(h) "Central city" means any 1 of the following:

(i) An area delineated in a Metropolitan Statistical Area by the United States Office of Management and Budget.

(ii) An area that is delineated in a Metropolitan Division by the United States Office of Management and Budget.

(iii) An area that is delineated in a Combined Statistical Area by the United States Office of Management and Budget.

Mich. Admin. Code R. 125.101

1979 AC; 1982 AACS; 1985 AACS; 1986 AACS; 1991 AACS; 2023 MR 6, Eff. 3/21/2023