Economic development: obsolete property and rehabilitation; effectively treatable area qualifications; revise to reflect change in obsolete property rehabilitation act. Amends sec. 44f of 1966 PA 346 (MCL 125.1444f).

This bill amends Michigan's State Housing Development Authority Act to update how the authority defines and supports "effectively treatable areas" for housing rehabilitation projects. It clarifies that these areas must be near downtowns or commercial centers and meet specific economic criteria, such as having a poverty rate higher than the state average and lower property value growth. The legislation also outlines detailed requirements for neighborhood partnership plans, which must demonstrate community support and a goal of bringing at least 75% of local property to a safe condition. Additionally, the bill updates the list of eligible local governmental units, including cities, townships, and villages, to reflect current economic and population standards for receiving loans and technical assistance.