Housing: housing development authority; first-time home buyers fund; create. Amends 1966 PA 346 (MCL 125.1401 - 125.1499c) by adding sec. 49w. TIE BAR WITH: SB 1125’26, SB 1126’26
Key claim: This bill amends the State Housing Development Authority Act to create a first-time home buyers fund (tied to companion bills SB 1125 and SB 1126).
Abstract
(SB1127 · 103rd Legislature) Housing: housing development authority; first-time home buyers fund; create. Amends 1966 PA 346 (MCL 125.1401 - 125.1499c) by adding sec. 49w. TIE BAR WITH: SB 1125’26, SB 1126’26 Sponsor: Sen. Mary Cavanagh (D) In committee: S Housing And Human Services Latest action (2026-07-29): Referred To Committee On Housing And Human Services
Why this matters
A dedicated First-Time Home Buyers Fund within the State Housing Development Authority would create a new state-backed financing mechanism aimed at lowering barriers to homeownership, with potential downstream effects for housing demand, lender participation, and MSHDA program design. Because the proposal is tie-barred to two companion bills (SB 1125 and SB 1126), the fund’s operational rules and revenue sources are likely defined elsewhere in the package and cannot advance independently.