To expand the authority of the Michigan State Housing Development Authority (MSHDA) to provide government loan guarantees on home improvement loans to individuals with “low and moderate income.” Specifically, the bill would increase the family income cap for such loans to 175 percent of the statewide median gross income ($105,700), up from the current cap of $65,000 (or $74,750 in a designated “distressed area), and allow for a 30-year repayment period instead of 20 years.