Housing

This bill prohibits large institutional investors from buying single-family homes in Michigan to prevent corporate ownership of residential properties. It defines these investors as for-profit entities managing or owning over 100 homes statewide with at least $375 million in assets, while allowing exceptions for new construction projects or those that renovate homes with significant improvements. The law applies to various acquisition methods, including mergers and foreclosures, and sets a civil penalty of up to $25,000 per home for any violations.

SB 702, the "Medical Debt Protection Act," limits how medical debt can be collected in Michigan. It prohibits interest or late fees for 90 days after a bill is due and caps annual interest at 3%. The bill bans wage garnishment, foreclosure, and other aggressive collection tactics for patients eligible for financial assistance under a healthcare facility’s policy. It also restricts selling medical debt to third parties without strict safeguards, requiring debt buyers to follow specific rules and return debt if a patient qualifies for financial help. The law directly affects patients with medical debt, large healthcare facilities, and medical debt collectors.

This bill amends Michigan's Mobile Home Commission Act to require park owners to notify residents and the state department before selling a mobile home park, giving residents 60 days to organize a purchase. If residents form a homeowners' association within that window, they can request the sale details and submit a formal offer, which the owner must then negotiate in good faith. The legislation also establishes a civil penalty of up to $250,000 for owners who fail to follow these notification and negotiation steps, while excluding sales resulting from bank foreclosures from these requirements.

HB 4543 changes how Michigan's home heating credit is adjusted annually. It replaces the use of the national U.S. Consumer Price Index (CPI) with the Detroit Consumer Price Index to calculate annual credit adjustments. This means the credit amount for eligible households will now reflect local cost-of-living changes in Detroit instead of national averages. The bill directly affects low-to-moderate income Michigan residents who claim the home heating credit on their state tax returns.

SB 46 updates regulations for water delivery systems in mobile home parks by amending existing water supply laws (1976 PA 399). The bill directly affects mobile home park owners and residents by requiring these systems to meet specific reliability and safety standards. Key provisions include setting requirements for system maintenance, water quality testing, and emergency response protocols for parks relying on shared water infrastructure. This change ensures consistent, safe water access for mobile home park communities under revised regulatory guidelines.