For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
ACT. The state Housing Development Authority Act, being Public Act 346 of 1966 of the state, as amended.
AUTHORITY. The state Housing Development Authority.
HOUSING DEVELOPMENT. A development which contains a significant element of housing for persons of low and moderate income and such elements of other housing, commercial, recreational, industrial, communal, and educational facilities as the Authority determines improve the quality of the development as it relates to housing for persons of low income.
LOW INCOME. People eligible to live in the Housing Development as defined in § 15a of the Act, being M.C.L.A. § 125.1415a.
SPONSOR. Olde Mill Limited Dividend Housing Association Limited Partnership, which has applied to the Authority for an allocation of low income housing tax credits to finance the project, a type of housing development.
(Ord. 110613-1, passed 6-13-11)