This bill amends the State Housing Development Authority Act of 1966 by updating definitions and requirements related to housing development in Michigan. Key changes include the clarification of terms such as "low-income household," "extremely low-income household," and the introduction of "middle-income household," which expands the scope of households eligible for assistance. The bill also modifies the definition of "downtown area" to require a significant number of multilevel, mixed-use buildings and stipulates that property must be owned by more than three private owners. Additionally, the term "adjacent neighborhood" has been removed from the definitions, indicating a shift in focus towards broader housing needs across the state.

Furthermore, the bill mandates the Michigan Housing and Community Development Authority to create a biennial allocation plan that considers the availability of funds from other sources and emphasizes public engagement, particularly with marginalized communities. It requires the authority to hold public hearings and provide options for virtual participation, ensuring that feedback is gathered from individuals with disabilities and those from low-income households. The authority is also tasked with issuing an annual report detailing expenditures and the impact of funded projects, including the number of housing units produced and the demographics of households served.

Statutes affected:
Substitute (H-1): 125.1458
House Introduced Bill: 125.1458
As Passed by the House: 125.1458