2012 House Bill 5620 ↩

Senate Roll Call 722: Passed

To expand the authority of the Michigan State Housing Development Authority (MSHDA) to administer federal home loan subsidies to individuals with “low and moderate income.” Specifically, the bill would increase the family income cap for such loans to 175 percent of statewide median gross income ($105,700), up from the current cap of $65,000 (or $74,750 in a designated “distressed area).