(A) The Housing Commission shall have and exercise all of the powers available to the City which can be held and exercised by the Housing Commission pursuant to MCL 123.651 et seq.
(B) The Housing Commission can acquire, hold, develop, demolish, refurbish, manage, operate, finance, mortgage, encumber, and sell real property for the purpose of providing safe, sanitary, and affordable housing. The Housing Commission can act in its own name, or in the name of one or more profit or nonprofit corporations formed for these purposes.
(C) The Housing Commission can exercise all of its powers over other uses of real property which are incidental to or associated with the overall purpose of providing safe, sanitary and affordable housing, including but not limited to the acquisition, management and operation of real property with mixed residential and commercial facilities and uses.
(D) The Housing Commission is authorized to borrow, finance, and acquire funds in its own name, and through one or more profit or nonprofit corporations formed for purposes specified in this section or MCL 123.651 et seq. The Housing Commission is authorized to act as a borrower according to MCL 123.651 et seq.
(Ord. 443-2-99, passed 2-4-99)