Introduced
by
To give the Michigan State Housing Developing Authority the power to grant to certain non profit organizations it designates a 50 percent property tax break on rental housing owned by the organization and rented out to individuals with income less than 80 percent the area median who are recipients of government mental health system benefits. The bill does not specify any criteria for selecting which organizations would get the tax break (and which would not), and it allows the tax break for a maximum of 250 “parcels of property” each year.
Referred to the Committee on Insurance
