Bill > HB4540

This bill amends the State Housing Development Authority Act to modify how the housing and community development fund can be used. The bill expands the fund's potential uses to include assistance for low-income, very low-income, extremely low-income, and middle-income households, with a broader range of eligible activities such as land and building acquisition, rehabilitation, new construction, preservation of existing housing, community development projects, down payment assistance, security deposit assistance, foreclosure prevention, and support for ending homelessness. The bill changes the authority's discretion in expending funds, shifting from mandatory to permissive language in some sections, and updates terminology (for example, replacing "persons with physical or mental handicaps" with "persons with disabilities"). The bill also modifies the advisory process by replacing references to a previous committee with the statewide housing partnership council created by Executive Order No. 2022-10, and includes a provision that if this council is dissolved, the authority must create a new advisory council with similar representation. Notably, the bill's implementation is contingent on the passage of a companion bill, indicating it is part of a larger legislative package addressing housing development and assistance.

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https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4540