Bill
HB 5805
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
2025-2026 Regular Session
Introduced by Joe Aragona and 2 co-sponsors
Establishes the Housing Opportunity Tax Credit program (HOTC) tied to 4% LIHTC projects to spur qualified housing in Michigan, with annual caps and defined allocation rules.
REFERRED TO COMMITTEE OF THE WHOLE
#corporateincometax:credits
#housing:affordable
#housing:housingdevelopmentauthority
#individualincometax:credit
#insurance:other