The urban homesteading agency shall select from among applicants for urban homestead program property those applicants who in the determination of the agency can acquire the necessary financial and technical resources to rehabilitate or construct, own and manage urban homestead program property. Such property shall be offered to such qualified applicants in accordance with the following priorities:

1. (1) Persons displaced by governmental activities declaring in writing their intent to occupy the property for a period of not less than two years;
2. (2) low and moderate income families declaring in writing their intent to occupy the property for a period of not less than two years;
3. (3) families or persons declaring in writing their intent to occupy the property for a period of not less than two years;
4. (4) nonprofit community housing development corporations;
5. (5) any other qualified applicant, provided the urban homesteading agency has certified that no qualified urban homesteaders of higher priority have applied.

(P.A. 75-452, S. 6, 8; P.A. 86-405, S. 7, 12; P.A. 87-417, S. 2, 10.)

History: P.A. 86-405 added reference to “construction” of urban homestead program property and amended Subdiv. (4) to authorize offering of property to limited equity cooperatives; P.A. 87-417 amended Subdiv. (4) by deleting provisions re limited equity cooperatives, effective July 1, 1988.