To allow the Michigan State Housing Developing Authority to provide loan subsidies for the refinancing of home loans on owner-occupied one-to-four unit housing units or condos. Under current law the Authority may subsidize loans for acquisition only. The family income cap for such loans is $65,000 to $74,750. The bill is part of a package comprised of House Bills 5442 to 5447.
71 Yeas / 34 Nays | |
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Excused or Not Voting (5) | |
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