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

This bill amends the State Housing Development Authority Act of 1966 to update definitions related to housing and community development. It expands the types of households eligible for assistance to include "middle-income households" and modifies the criteria for what constitutes a "downtown area." The bill also revises how the Michigan Housing and Community Development Fund allocates money, requiring a focus on specific population groups and setting aside funds for projects targeting extremely low-income households and rental or homeownership projects for households earning no more than 60% of the area median income.

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