Housing: other; housing and community development fund; modify. Amends secs. 58 & 58b of 1966 PA 346 (MCL 125.1458 & 125.1458b). TIE BAR WITH: HB 4540'25
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill modifies the Michigan Housing and Community Development Fund, which provides resources for affordable housing projects. It updates definitions related to household income and housing types, such as ‘adjacent neighborhood’ and ‘supportive housing.’ The bill also establishes a process for allocating funds from the fund, prioritizing projects that serve low-income households, particularly those experiencing homelessness, and focusing on downtown and adjacent neighborhoods within the state.
Key provisions
- Updates definitions related to household income (low income, very low income, extremely low income, and middle income).
- Defines ‘adjacent neighborhood’ and ‘downtown area’ for housing project eligibility.
- Establishes a Michigan Housing and Community Development Program to support affordable housing.
- Requires the authority to develop a biennial allocation plan for the fund, considering poverty rates, disability populations, and accessible housing.
- Specifies minimum allocation percentages for different housing types and income levels (e.g., 25% for rental housing without special population preferences).
- Mandates earmarking funds for supportive housing and transitional housing.
- Requires an annual report to the governor and legislature detailing fund expenditures and project outcomes.
Who is affected
- Low-income households
- Very low-income households
Bill text
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