2012 Senate Bill 1123 / Public Act 326

Revise state mortgage guarantee and subsidy program

Introduced in the Senate

May 15, 2012

Introduced by Sen. Mark Jansen (R-28)

To revise details of the authority of the Michigan State Housing Development Authority (MSHDA) to “make, purchase, or participate in” certain loans for one-to-four unit dwellings.

Referred to the Committee on Economic Development

May 31, 2012

Reported without amendment

With the recommendation that the bill pass.

June 6, 2012

Passed in the Senate 34 to 4 (details)

Received in the House

June 7, 2012

Referred to the Committee on Commerce

Sept. 12, 2012

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Sept. 19, 2012

Substitute offered

The substitute passed by voice vote

Passed in the House 86 to 19 (details)

To revise details of the authority of the Michigan State Housing Development Authority (MSHDA) to “make, purchase, or participate in” certain loans for one-to-four unit dwellings.

Received in the Senate

Sept. 20, 2012

Sept. 25, 2012

Passed in the Senate 32 to 6 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Rick Snyder

Oct. 9, 2012