Housing: other; housing and community development fund; modify. Amends secs. 58 & 58b of 1966 PA 346 (MCL 125.1458 & 125.1458b). TIE BAR WITH: HB 4540'25
What changed between versions
Added a requirement for the authority to hold public hearings in at least three separate locations with options for virtual participation and specific outreach to persons with disabilities and low-income households.
Added a requirement for the authority to issue an annual report to the governor and legislature detailing expenditures, housing units produced, income levels served, and homeless persons assisted.
Modified the allocation plan requirements to include a 20% set-aside for rental and home ownership units for households earning no more than 60% of the area median income.
Added new definitions for 'transitional housing' and 'permanent housing' within the context of projects targeting extremely low-income households.
Modified the definition of 'downtown area' to require that the area contain a significant number of multilevel, mixed-use buildings and be owned by more than three private owners.
Modified the definition of 'eligible applicant' to include partnerships organized for developing affordable housing for low-, very low-, extremely low-, or middle-income households.
Removed redundant or conflicting text regarding the number of private owners required for a downtown area and cleaned up inconsistent phrasing in household income definitions.
