Housing: other; Michigan home program act; create. Creates new act. TIE BAR WITH: HB 5661'26

This bill creates the MI Home Program Act to increase housing supply and affordability in Michigan by establishing new state funds and programs for grants, loans, and assistance. It defines specific categories of eligible applicants and developers, including local governments, nonprofits, and individuals, while allowing qualified zoning changes that reduce parking requirements, permit smaller homes, and encourage denser development near transit. The legislation empowers the Michigan State Housing Development Authority to administer these programs and distribute money to support the construction, rehabilitation, and rental of residential properties for income-qualified households.