Michigan Senate Bill SB0939

Michigan 2025-2026 Regular Session

• Introduced: 4/29/26
• Refer: 4/29/26
• Report Pass: 5/13/26
• Refer: 5/13/26
• Report Pass: 5/14/26
• Engrossed: 5/19/26
• Refer: 5/19/26

Caption

Housing: manufactured, modular, or mobile homes; authority to administer the resident ownership revolving fund created in the mobile home commission act; provide. Amends sec. 22 of 1966 PA 346 (MCL 125.1422). TIE BAR WITH: SB 0934'26

Impact

The proposed bill is set to facilitate easier access to financing for residents aiming to purchase or rehabilitate mobile homes. By administering this code, the authority can better cater to the unique housing needs of low-to-moderate income families and support community development projects aimed at restoring and improving local neighborhoods. The modifications are expected to have a positive effect on the housing market by increasing opportunities for resident ownership, potentially leading to greater community stability and personal investment in housing.

Summary

Senate Bill 939 amends the State Housing Development Authority Act to authorize the administration of a resident ownership revolving fund specifically aimed at supporting manufactured, modular, or mobile homes. The bill allows the State Housing Development Authority to establish, manage, and utilize this fund, encouraging community organizations to assist in homeownership projects that utilize these funds. This initiative is intended to enhance the availability of affordable housing options for residents in the state, particularly those in financially vulnerable situations.

Contention

A notable point of contention surrounding SB 939 is whether the authority will adequately balance the management of this revolving fund with the financial responsibilities and risks associated with mobile home ownership. Opponents may raise concerns about the effectiveness of such a fund in truly supporting low-income families, as well as the potential for increased oversight and bureaucratic constraints. Proponents argue that the benefits offered by resident ownership and increased funding mechanisms will significantly outweigh the concerns, ultimately promoting a more inclusive housing policy that allows more residents to transition from renting to owning.