Introduced
by
To revise a statutory “preference” that half the money borrowed by the Michigan State Housing Developing Authority be used to provide loan subsidies to certain homebuyers. The bill would change this so that it would not apply to single family homes. The bill is part of a package comprised of House Bills 5442 to 5447.
Referred to the Committee on Banking and Financial Services
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 104 to 1 (details)
To revise a statutory “preference” that half the money borrowed by the Michigan State Housing Developing Authority be used to provide loan subsidies to certain homebuyers. The bill would make an exception for bonds issued to refinance single family homes (as opposed to original mortgages). The bill is part of a package comprised of House Bills 5442 to 5447.
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
To revise a statutory “preference” that half the money borrowed by the Michigan State Housing Developing Authority be used to provide loan subsidies to certain homebuyers. The bill would make an exception for bonds issued to refinance single family homes (as opposed to original mortgages). The bill is part of a package comprised of Senate Bills 950, 951 and 1133, and House Bills 5443 and 5446.
Passed in the House 104 to 1 (details)
