To revise a statutory “preference” that half the money borrowed by the Michigan State Housing Developing Authority be used to provide loan subsidies to certain homebuyers. The bill would make an exception for bonds issued to refinance single family homes (as opposed to original mortgages). The bill is part of a package comprised of Senate Bills 950, 951 and 1133, and House Bills 5443 and 5446.
38 Yeas / 0 Nays | |
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Democrat (17 Yeas / 0 Nays) | |
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