Bill > HB5660

This bill, titled the "MI home program act," aims to increase housing supply and affordability for income-qualified households in Michigan by establishing several programs and providing financial assistance. It creates the MI home readiness program to offer grants of up to $50,000 to local governments for updating land use policies and zoning to encourage more housing. To be certified as a "MI home community," a local government must adopt at least half of the specified zoning changes, such as reducing parking requirements or allowing accessory dwelling units. The bill also establishes the MI home grant program, which provides grants to qualified developers for constructing or rehabilitating housing, with limits per dwelling unit adjusted annually for inflation. Additionally, the MI home loan program offers financing to address gaps in funding for such projects, and the MI home employer program provides grants for workforce housing development and down payment assistance, requiring a dollar-for-dollar match from employers. These programs are funded through dedicated funds, with significant appropriations planned for the MI home grant and loan funds in the initial years. The act defines various terms, including "income-qualified household" (households meeting specific income thresholds), "qualified developer" (entities focused on developing affordable housing), and "qualified residential property" (housing intended for sale or rent to qualified individuals under specific restrictions). It also outlines requirements for applicants, reporting obligations for developers and individuals, and penalties for non-compliance, including repayment of funds and potential legal action. The Michigan State Housing Development Authority (MSHDA) is designated as the administrator for these programs and funds, and the bill allows for the use of administrative procedures to implement its provisions.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-5660