2019 House Bill 4908 / 2020 Public Act 73

Increase cap on state housing subsidy debt

Introduced in the House

Sept. 3, 2019

Introduced by Rep. Karen Whitsett (D-9)

To increase to $5 billion the current $3.4 billion cap on the amount of debt backed by the Michigan State Housing Developing Authority, which subsidizes housing developers and loans.

Referred to the Committee on Financial Services

Oct. 16, 2019

Reported without amendment

Refer to the Committee on Ways and Means.

Referred to the Committee on Ways and Means

Nov. 5, 2019

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Nov. 7, 2019

Passed in the House 103 to 6 (details)

Received in the Senate

Nov. 12, 2019

Referred to the Committee on Appropriations

March 5, 2020

Reported without amendment

With the recommendation that the bill pass.

March 17, 2020

Passed in the Senate 35 to 2 (details)

To increase to $5 billion the current $3.4 billion cap on the amount of debt backed by the Michigan State Housing Developing Authority, which subsidizes housing developers and loans.

Signed by Gov. Gretchen Whitmer

April 2, 2020