Introduced in the House on May 10, 2012, to expand the authority of the Michigan State Housing Development Authority (MSHDA) to administer federal home loan subsidies to individuals with “low and moderate income.” Specifically, the bill would increase the family income cap for such loans to 175 percent of statewide median gross income ($105,700), up from the current cap of $65,000 (or $74,750 in a designated “distressed area)
The vote was 90 in favor, 15 opposed and 5 not voting
(House Roll Call 524 at House Journal 0)
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