Housing: housing development authority; housing opportunity tax credit program; establish and administer. Amends sec. 22 of 1966 PA 346 (MCL 125.1422) & adds sec. 22e. TIE BAR WITH: HB 5806’26, HB 5807’26
Key claim: Michigan enacted legislation directing the state housing development authority to establish and administer a Housing Opportunity Tax Credit program.
Abstract
(SB0966 · 103rd Legislature) Housing: housing development authority; housing opportunity tax credit program; establish and administer. Amends sec. 22 of 1966 PA 346 (MCL 125.1422) & adds sec. 22e. TIE BAR WITH: HB 5806’26, HB 5807’26 Sponsor: Sen. Jeff Irwin (D) Latest vote: House Third Reading: Given Immediate Effect Roll Call #288 — 95-13 (passed, 2026-07-03) Latest action (2026-07-29): Assigned Pa 0023’26 With Immediate Effect
Why this matters
Enactment of the MSHDA administering statute converts the Housing Opportunity Tax Credit from a proposal into an operative state housing-finance program, giving Michigan a new tool to subsidize affordable housing production alongside the parallel income-tax and insurance-retaliatory-tax credit vehicles. For developers, investors, and local housing authorities, MSHDA now has statutory authority to write program rules, allocate credits, and shape which projects qualify — decisions that will determine the credit’s real economic impact on housing supply and taxpayer cost.