Housing: other; redemption of premises; modify. Amends secs. 48g & 48i of 1966 PA 346 (MCL 125.1448g & 125.1448i).
Key claim: HB5045 proposes to amend sections 48g and 48i of 1966 PA 346 to modify the rules governing redemption of premises under Michigan housing law.
Abstract
(HB5045 · 103rd Legislature) Housing: other; redemption of premises; modify. Amends secs. 48g & 48i of 1966 PA 346 (MCL 125.1448g & 125.1448i). Latest action (2026-07-01): Referred To Committee On Local Government
Why this matters
Redemption-of-premises rules under the State Housing Development Authority Act determine how owners or occupants can recover property after default in state-financed housing, directly affecting tenants, borrowers, and housing authorities. Even incremental changes to these provisions can shift timelines and costs in the multifamily and low-income housing finance ecosystem. Tracking such amendments helps show how Michigan’s housing finance framework evolves alongside its broader housing policy agenda.