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

Corrected multiple instances of the typo 'shall must' to 'shall be' and fixed other grammatical inconsistencies throughout the document.

Changed the definition of 'award' from a 'reservation letter' to a 'binding reservation letter of eligibility' to clarify the legal status of the document issued by the authority.

Expanded the definition of 'qualified taxpayer' to include any taxpayer included on an allocation report, broadening the group of people subject to recapture reporting requirements.

Added a new definition for 'eligibility statement' to replace the previous 'allocation statement' terminology used in the text.

Updated the reporting requirements for recapture events to be sent to a 'designated reporter' rather than directly to the owner.

Updated the bill version identifier from H-1 to H-3 and changed internal tracking codes in the header.

Added the full text of the bill establishing the Housing Opportunity Tax Credit Program, detailing the authority's powers to sue, conduct housing studies, collect fees, and make loans.

Removed the list of other bills currently in committee, including HB 4007 through HB 5984.

Replaced the committee bill record interface with the substantive legal text of the bill.