Housing: other; MSHDA administration and operation of the MI home program act and programs and funds under that act; allow for. Amends sec. 22 of 1966 PA 346 (MCL 125.1422). TIE BAR WITH: HB 5660'26

HB 5661 amends the Michigan State Housing Development Authority Act to clarify and expand the administrative powers of the Michigan State Housing Development Authority (MSHDA) in managing the state's home loan and housing assistance programs. The bill does not create new funding or change eligibility requirements for existing programs but instead updates the legal authority under which MSHDA operates. Key provisions allow the authority to conduct housing studies, collect fees for loans and publications, salvage usable housing from demolition projects, and manage mortgage loans and foreclosures with specific flexibility for property acquisition and resale. The legislation also authorizes MSHDA to accept gifts and grants from various levels of government and to invest reserve funds in state or federal obligations. This bill is tied to HB 5660 and was introduced in March 2026, with no changes to the specific programs themselves, only to the operational framework governing the authority.