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State pauses MIHP reporting, creates housing infrastructure financing and restructures tax‑increment tools
Summary
Legislation freezes MIHP reporting for 2026 (HB436) while the state reorganizes housing programs; lawmakers also created a $100M housing‑infrastructure revolving loan (HB492) and reorganized tax‑increment tools into Regionally Significant Development Zones (HB507), expanding grant and bonding capacity and setting new approval and reporting rules.
State housing policy and financing changes were a major focus of the ULCT webinar: presenters said the session produced a mix of freezes, new financing tools and structural changes intended to accelerate infrastructure‑enabled housing.
MIHP freeze and reporting: Carson explained that House Bill 436 "will freeze MIHP for this year" but cities that remain subject to MIHP must still report the number of certificates of occupancy (COs) issued; administrative rules under the Governor’s Office of Economic Development will clarify reporting mechanics. The League said cities that previously reported and were found eligible will retain eligibility this coming funding cycle.
New financing tools: Carson…
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