Housing: manufactured, modular, or mobile homes; authority to administer the resident ownership revolving fund created in the mobile home commission act; provide. Amends sec. 22 of 1966 PA 346 (MCL 125.1422). TIE BAR WITH: SB 0934'26

Added the power to enter into interest rate exchange or swap agreements and hedge financial risks to better manage debt service.

Authorized the authority to invest up to 20% of escrow funds in loans for multifamily housing without income restrictions, subject to specific return and delinquency repayment conditions.

Granted the power to make working capital loans to contractors and subcontractors on authority-financed projects.

Expanded powers to enforce loan documents by allowing acceleration of loans for false statements during the application process and restricting loan assumptions to ensure income limits are met.

Authorized the authority to impose covenants running with the land to satisfy federal and state requirements for assisted housing, even without privity of contract.

Added authority to appoint new directors to nonprofit housing corporations to ensure they remain public-benefit entities and do not inure profits to private individuals.

Included new powers to acquire, operate, and lease office facilities and to participate in federal programs for preserving low-income housing.

Corrected numerous grammatical errors and typos found in the original text, such as redundant words and incorrect verb tenses.