HOUSING & COMM. DEV. PROGRAM; EXPAND S.B. 278:
SUMMARY OF BILL
REPORTED FROM COMMITTEE
Senate Bill 278 (as reported without amendment)
Committee: Housing and Human Services
HOUSING & COMM. DEV. PROGRAM; EXPAND S.B. 278:
SUMMARY OF BILL
REPORTED FROM COMMITTEE
Senate Bill 278 (as reported without amendment)
Committee: Housing and Human Services
CONTENT
The bill would amend the State Housing Development Authority Act to do the following:
-- Expand the scope of the Michigan Housing and Community Development Program (Program) to make its financing available to middle-income households and delete a requirement that projects financed by the Program be in a downtown area or adjacent neighborhood.
-- Delete the requirement that percentages of the Michigan Housing and Community Development Fund (Fund) be earmarked for projects that target specific groups based on income threshold and housing type.
-- Require an allocation plan to include a formula for distributing money based on the number of individuals experiencing economic distress, the number of people with disabilities, and the number of accessible housing units in various regions of the State, and a consideration of funds from other sources available to address the housing needs of people with disabilities and low-income, very-low-income, and extremely-low-income households.
-- Require the Michigan State Housing Development Authority (MSHDA) to employ accessible methods to gather public comment.
-- Require MSHDA to take advice provided by the Statewide Housing Partnership Council.
-- Allow, instead of requiring, MSHDA to spend a portion of the Fund for housing for persons with disabilities and persons living in eligible distressed areas.
BRIEF RATIONALE
According to testimony, there is a critical need for affordable housing in the State. The Michigan State Housing Development Authority currently administers the Program and Fund to facilitate the development of affordable housing for low-income, very-low-income, and extremely-low-income households; however, the Act does not allow MSHDA to facilitate the development of housing for middle-income households. Some believe that MSHDA should invest in additional housing projects to alleviate housing scarcity for middle-income households. Accordingly, expanding the scope of Program has been suggested.
Legislative Analyst: Jessica Gebbie
FISCAL IMPACT
The bill would have no fiscal impact on State or local government.
Date Completed: 6-17-26 Fiscal Analyst: Cory Savino, PhD
floor\sb278 Bill Analysis @ www.senate.michigan.gov/sfa
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.