Michigan HB4540 amends the housing and community development fund to modify its use and objectives.
Michigan HB4540 amends the housing and community development fund to modify its use and objectives. The fund can now be used for activities related to ending homelessness, assistance to nonprofit organizations, community development financial institutions, municipalities, and land bank fast track authorities. It also includes rehabilitation, new construction, development and predevelopment costs, preservation of existing housing, community development projects, insurance, operating and replacement reserves, down payment assistance, security deposit assistance, foreclosure prevention and.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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