Michigan HB4079 modifies the income eligibility cap for the special assessment deferment program.

Michigan HB4079 amends the income eligibility cap for the special assessment deferment program. It adjusts the maximum dollar amount of household income required for eligibility each year based on the annual average percentage increase or decrease in the Detroit consumer price index. The bill also modifies provisions for deferment of special assessments, including requirements for affidavits and consent from mortgagees or land contract vendors. The changes aim to ensure the program remains fair and accessible to those who qualify.

Michigan HB4079 modifies the income eligibility cap for the special assessment deferment program.

Michigan HB4079 amends the income eligibility cap for the special assessment deferment program. It adjusts the maximum dollar amount of household income required for eligibility each year based on the annual average percentage increase or decrease in the Detroit consumer price index. The bill also modifies provisions for deferment of special assessments, including requirements for affidavits and consent from mortgagees or land contract vendors. The changes aim to ensure the program remains fair and accessible to those who qualify.