SB 423 ends specific programs that helped homeowners pay overdue property taxes and avoid foreclosure. It directly affects property owners with delinquent taxes who previously could use these reduced payment options. The bill modifies existing law by setting expiration dates ("sunsetting") for these programs, meaning they will no longer be available after the specified dates. This change removes temporary relief measures, requiring affected homeowners to pay full delinquent taxes or face standard foreclosure processes.
HB 5152 modifies Michigan's foreclosure process by requiring sellers to provide a specific "notice of rights" when selling a home after a foreclosure notice is filed but before the sale auction. This notice must inform sellers they are waiving three key rights: the right to reclaim the property by paying off the mortgage during the redemption period, the right to remain in the home during that period, and the right to receive any surplus funds if the home sells for more than the mortgage balance. The bill also mandates that if a foreclosure sale is canceled, the canceling party must record this notice with the county register of deeds within 30 days. These changes directly affect homeowners facing foreclosure who sell their property before the auction and buyers purchasing such properties.
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.
HB 4540 amends Michigan's Housing and Community Development Fund to expand eligible uses of the funds. It allows the state housing authority to provide grants, loans, or assistance for housing projects targeting low-, very low-, and middle-income households, including new construction, rehabilitation, foreclosure prevention, and predatory lending relief. The bill specifically adds support for "individual development accounts" (for savings programs) and community development projects like blight elimination. It affects housing providers, nonprofits, and residents in targeted income groups by clarifying how existing state funds can be allocated to address housing needs.
HB 4539 amends Michigan's housing law to clarify definitions and strengthen funding rules for affordable housing projects. It defines key terms like "extremely low-income" (≤30% of area median income) and "downtown area" (50+ years of commercial use with mixed buildings), directly affecting low- and middle-income households in these zones. The bill requires 30% of funds to support projects for extremely low-income households (including homeless and supportive housing) and mandates that 20% of units in all funded projects serve households earning ≤60% of area median income. It also requires the housing authority to create a public input process for its biennial funding plan, prioritizing areas with high poverty, disability needs, and housing distress.
HB 4341 amends the State Housing Development Authority Act of 1966. It adds a new section that restricts eligibility for services, grants, or participation in programs under the act. Unless otherwise provided by federal law, individuals must be either a United States citizen or a "qualified alien" to receive these benefits. The bill defines "qualified alien" by referencing an existing federal statute (8 USC 1641).
