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Terms Used In Michigan Laws 125.1445

  • Low income or moderate income persons: means families and persons who cannot afford to pay the amounts at which private enterprise, without federally-aided mortgages or loans from the authority, is providing a substantial supply of decent, safe, and sanitary housing and who fall within income limitations set in this act or by the authority in its rules. See Michigan Laws 125.1411
     Among low income or moderate income persons, preference shall be given to those displaced by urban renewal, slum clearance, or other governmental action.