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2004 Senate Bill 1341 (Revise MSHDA powers )

Public Act 535 of 2004

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1) 2004 Senate Bill 1341 (Revise MSHDA powers ) [by admin on January 1, 2001]
Introduced in the Senate on August 4, 2004, to revise the statutory limit on the outstanding debt of the Michigan State Housing Development Authority (MSHDA), and also make various revisions to the powers and operations of MSHDA. Among other things the bill would allow MSHDA to finance multifamily housing for students; eliminate the required allocation of units under the so-called Multifamily Pass Through Program to people who meet certain income levels; permit nonprofit housing corporations to qualify for long-term financing under the Pass Through Program; and revise certain income level qualifications for other subsidized housing projects

The vote was 35 in favor, 0 opposed and 3 not voting

(Senate Roll Call 767 at Senate Journal 102)

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