Introduced by Rep. Deb Shaughnessy R-Charlotte on May 10, 2012
To expand the authority of the Michigan State Housing Development Authority (MSHDA) to provide government loan guarantees for multi-family housing projects that come with a mandate that 20 percent of the units be allotted to persons of “low and medium income.” Specifically, the bill would eliminate a provision restricting these projects to certain “distressed areas”. Official Text and Analysis.
Referred to the House Commerce Committee on May 10, 2012
Reported in the House on May 29, 2012
Without amendment and with the recommendation that the bill pass.