Economic development: other; Michigan zoning enabling act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 406 of 2006 PA 110 (MCL 125.3406). TIE BAR WITH: SB 0631'25
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Progress
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- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill amends the Michigan Zoning Enabling Act to remove a provision related to the Michigan Strategic Fund. Specifically, it adjusts section 406 of 2006 PA 110 (MCL 125.3406) to reflect the elimination of this funding mechanism. The changes clarify eligibility for zoning authorizations, particularly for property owners who have foreclosed or taken a deed in lieu of foreclosure.
Key provisions
- Removes the reference to the Michigan Strategic Fund from section 406 of the Michigan Zoning Enabling Act.
- Clarifies eligibility for zoning authorizations for property owners who foreclosed or took a deed in lieu of foreclosure.
- Defines specific categories of property owners who are exempt from zoning eligibility restrictions (government-sponsored enterprises, financial institutions, mortgage servicers, and credit union service organizations).
- Allows for zoning authorizations to correct blight violations, even if previous payments were delinquent.
Who is affected
- Cities and municipalities
- Property owners
- Developers
- Financial institutions
- Mortgage servicers
Notable changes
- Eliminates the connection between zoning authorization eligibility and the Michigan Strategic Fund.
- Updates definitions related to financial institutions and government-sponsored enterprises.
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