Introduced by Sen. Mark Jansen R-Cutlerville on May 1, 2013
To empower the Michigan State Housing Development Authority (MSHDA) to use money in reserve funds to “invest” (buy ownership interest) in companies or nonprofits whose “primary purpose is to acquire ownership interests in multifamily housing projects” (and not necessarily build new ones). Official Text and Analysis.
Referred to the Senate Economic Development Committee on May 1, 2013