Housing: housing development authority; housing opportunity tax credit program; establish and administer. Amends sec. 22 of 1966 PA 346 (MCL 125.1422) & adds sec. 22e. TIE BAR WITH: HB 5806'26, HB 5807'26

This bill amends Michigan's State Housing Development Authority Act to update the powers and duties of the authority. It allows the authority to make mortgage loans to subsequent purchasers of foreclosed properties, even if they don't meet typical income or price limits. The bill also clarifies the authority's ability to regulate and intervene in housing projects undertaken by various housing corporations and associations, especially if loans are at risk or rules are violated.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

• MI HB6243Property: land sales; prohibition of purchase of residential property by certain businesses; modify. Amends secs. 3 & 7 of 2026 PA 32 (MCL 125.853 & 1125.857).
• MI HB5570Construction: code; single exit stairway in multiple-family dwellings; allow under certain conditions. Amends 1972 PA 230 (MCL 125.1501 - 125.1531) by adding sec. 4j.
• MI HB5806Individual income tax: credit; housing opportunity tax credits; create. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding secs. 281 & 678. TIE BAR WITH: HB 5805'26, HB 5807'26
• MI HB5807Insurance: other; housing opportunity tax credits against the retaliatory tax; provide for. Amends secs. 476a & 476b of 1956 PA 218 (MCL 500.476a & 500.476b). TIE BAR WITH: HB 5805'26, HB 5806'26
• MI HB6074Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act.