Housing: housing development authority; housing opportunity tax credit program; establish and administer. Amends sec. 22 of 1966 PA 346 (MCL 125.1422) & adds sec. 22e. TIE BAR WITH: HB 5806'26, HB 5807'26

Summary

The legislation amends the State Housing Development Authority Act to give the Authority additional powers – such as conducting housing studies, collecting fees, making and purchasing loans, and acquiring property – and adds a new section to establish a housing‑opportunity tax credit program. It would let the Authority manage that tax credit and use it to encourage new affordable‑housing projects. The changes aim to give the Authority more tools to address Michigan’s housing shortage.

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