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Michigan State Housing Development Authority | MSHDA Bond Cap Increase

Published on August 3, 2020
Michigan State Housing Development Authority | MSHDA Bond Cap Increase

MSHDA legislative staff worked with both stakeholders and elected officials to pass much needed legislation allowing them to continue their affordable housing mission. The proposed bill amended MSHDA’s governing statute (Public Act 346 of 1966) to increase MSHDA’s limit on corporate bonds and notes from what was, at the time, a $3.4 billion limit to a maximum of $5 billion.

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