Housing (Homeownership)

in committee · Michigan · Senate Jul 29, 2026

SB 1127: Housing: housing development authority; first-time home buyers fund; create. Amends 1966 PA 346 (MCL 125.1401 - 125.1499c) by adding sec. 49w. TIE BAR WITH: SB 1125'26, SB 1126'26

Michigan's SB 1127 creates the Community Housing Stability Fund within the state housing development authority, primarily funded by fines collected from business corporations and limited liability companies. The fund is dedicated to developing and coordinating resources to meet the housing needs of low-income, very low-income, and extremely low-income households. Key provisions require a biennial allocation plan that distributes money based on regional poverty levels, mandates that at least 30% of funds target extremely low-income groups including those experiencing homelessness, and requires assisted projects to set aside at least 20% of units for households earning no more than 60% of the area median income. The authority must hold public hearings before finalizing allocation plans and submit an annual report to the governor and legislature detailing expenditures and outcomes.

Topics ✓ HousingSupports HousingBill creates a fund specifically to meet housing needs of low-income households and supports first-time home buyers.95% confidence

Sub-Topics Affordable Housing Homeownership Housing Finance

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in committee · Michigan · Senate Aug 26, 2026

SB 1129: Insurance: property and casualty; premium discounts; require insurance companies to offer under certain circumstances. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 2132a.

Michigan Senate Bill 1129 requires home insurance companies to offer premium discounts or other cost reductions to policyholders who build or retrofit their properties to meet specific fortified roof standards. To qualify for these savings, a property must be inspected and certified by an evaluator from the Insurance Institute for Business and Home Safety (IBHS), and the homeowner must present this certification to their insurer. The bill applies only to insurance policies issued or renewed after December 31, 2027, and it does not prevent insurers from offering additional discounts under existing laws.

Topics ✓ HousingSupports HousingBill incentivizes home fortification through insurance discounts, reducing costs for homeowners and improving housing resilience.75% confidence

Sub-Topics Homeownership

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in committee · Michigan · Senate Aug 26, 2026

SB 1128: Insurance: property and casualty; grants for certain properties to resist loss due to common weather-related perils; provide for. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding ch. 29A.

Michigan Senate Bill 1128 establishes the "Strengthen MI Homes" program to provide grants for retrofitting owner-occupied, single-family homes to meet fortified roof standards that resist weather-related perils such as tornadoes and hail. To qualify, homeowners must have a homestead exemption, obtain an evaluation from a certified inspector, and hire a licensed contractor who meets specific insurance and training requirements. The bill creates the Strengthen MI Home Fund within the Department of Treasury to finance these grants and administrative costs, though the program only operates if the legislature appropriates sufficient funding. Grant payments are released directly to contractors only after a final inspection confirms the home meets the required safety standards, and participants must maintain active property insurance to receive benefits.

Topics ✓ HousingSupports HousingBill funds grants to retrofit homes for weather resistance, protecting property value and safety for owner-occupied single-family residences.75% confidence

Sub-Topics Homeownership Property Taxes

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in committee · Michigan · House Jun 17, 2026

HB 6086: Housing: landlord and tenants; purchase of rental property by tenants; provide for. Creates new act.

This bill, known as the Tenant Opportunity to Purchase Act, would allow tenants in Michigan to get the first chance to buy their rental homes or apartments before the landlord sells them to someone else. It requires landlords to offer the property to tenants at a price and terms that are at least as good as what a third-party buyer would get, or comparable to the property's appraised value if no other offer exists. The law applies to various types of rental units, including apartments and single-family homes, but excludes hotels, motels, and vacation rentals. Tenants can exercise this right individually or by forming an association representing a majority of the tenants in the building.

Topics ✓ HousingSupports HousingBill strengthens tenant protections by granting first right of refusal to purchase rental properties, preventing displacement and promoting housing stability.95% confidence

Sub-Topics Homeownership Landlords Tenant Rights

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in committee · Michigan · House May 14, 2026

HB 5967: Individual income tax: other; first-time home buyer savings program; extend sunset. Amends sec. 5 of 2022 PA 6 (MCL 565.1005). TIE BAR WITH: HB 5973'26

This bill extends the Michigan First-Time Home Buyer Savings Program through December 31, 2026, by amending the existing law that established the program. It allows individuals to open special savings accounts designated for paying qualified costs related to purchasing a single-family home in Michigan. The program permits contributions from people other than the account holder and allows joint ownership if the account holders file a joint tax return. The bill includes a provision stating that it will not take effect unless a related bill, HB 5973, is also passed into law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends a tax-advantaged savings program for first-time home buyers, promoting fiscal support for housing and providing tax incentives.85% confidence ✓ HousingSupports HousingBill extends funding for the First-Time Home Buyer Savings Program, directly supporting housing acquisition and affordability.90% confidence

Sub-Topics Income Tax Procurement Homeownership

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in committee · Michigan · House May 14, 2026

HB 5973: Individual income tax: deductions; sunset on deductions for contributions to a first-time home buyer savings account; extend. Amends sec. 30 of 1967 PA 281 (MCL 206.30). TIE BAR WITH: HB 5967'26

HB 5973 extends the tax deduction for contributions to Michigan's First-Time Home Buyer Savings Account, allowing eligible individuals to lower their state taxable income when they save for a home. The bill amends the state's income tax law to ensure this specific financial benefit remains available for future tax years. By maintaining this provision, the legislation directly affects Michigan residents who utilize the savings account program to purchase their first home.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends a tax deduction for first-time home buyers, providing tax relief and protecting a fiscal benefit for eligible residents.90% confidence ✓ HousingSupports HousingBill extends tax deductions for first-time home buyer savings, incentivizing home ownership and supporting housing development.85% confidence

Sub-Topics Income Tax Homeownership

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passed · Michigan · House Jul 1, 2026

HB 5805: Housing: housing development authority; housing opportunity tax credit program; establish and administer. Amends sec. 22 of 1966 PA 346 (MCL 125.1422) & adds sec. 22e. TIE BAR WITH: HB 5806'26, HB 5807'26

This bill amends the State Housing Development Authority Act to expand the powers of Michigan's State Housing Development Authority. The key changes allow the authority to charge fees for its loans and publications, save usable housing from demolition by funding rehabilitation costs, and make mortgage loans to subsequent property buyers even if they do not meet standard income limits. These provisions directly affect the authority's operations and the people seeking affordable housing assistance in the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands affordable housing funding and tax credit programs, directly supporting state budget initiatives for essential public services.75% confidence ✓ HousingSupports HousingBill expands State Housing Development Authority powers to fund rehabilitation, charge fees, and extend mortgage loans, directly strengthening affordable housing access.90% confidence

Sub-Topics Tax Credits Affordable Housing Homeownership Housing Finance

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in committee · Michigan · House May 12, 2026

HB 5928: Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act. TIE BAR WITH: HB 5929'26

This bill, titled the "Homes Are for People Act," prohibits hedge funds from purchasing or owning single-family homes in Michigan. It defines a hedge fund as an organization managing at least $50 million in assets and a single-family home as a property with one to four units that is not a vacant foreclosure or a government-funded project. While new purchases by these funds are banned, the law allows hedge funds to keep any single-family homes they already own when the act takes effect. Any property acquired in violation of this rule would be subject to legal forfeiture.

Topics ✓ HousingSupports HousingBill prohibits hedge funds from buying single-family homes to prevent displacement and protect affordable housing access.90% confidence

Sub-Topics Homeownership

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in committee · Michigan · House Mar 4, 2026

HB 5660: 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.

Topics ✓ HousingSupports HousingBill creates MI Home Program Act to increase housing supply and affordability through grants, loans, and zoning changes that encourage denser development.95% confidence ✓ TransportationSupports TransportationBill encourages denser development near transit and allows zoning changes that reduce parking requirements, indirectly supporting public transit accessibility and sustainable transportation planning.75% confidence

Sub-Topics Affordable Housing Homeownership Zoning

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in committee · Michigan · Senate Mar 20, 2025

SB 192: Property tax: exemptions; freeze of taxable value for primary residences of certain senior citizens; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 7zz.

SB 192 creates a partial property tax exemption for Michigan homeowners aged 63+ who have lived in their primary residence as their main home for at least 10 years, or homeowners of any age who have lived there continuously for 30 years. It applies to households with total gross income under $40,000 annually. The exemption amount equals the current taxable value minus a "base amount" established in the year the homeowner first qualifies. This bill directly affects low-income senior homeowners meeting specific residency and income criteria, freezing their tax burden relative to a base year value.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides direct property tax relief for low-income senior homeowners ($40k income cap), aligning with tax relief for middle/lower income as per support indicators.95% confidence ✓ HousingSupports HousingProvides property tax exemption for low-income seniors, reducing housing costs and promoting stability for vulnerable homeowners in affordable housing context.95% confidence

Sub-Topics Property Tax Tax Incentives Homeownership Property Taxes

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