MI HB5136

Allows local units of government to use inclusionary zoning regulations to increase the availability of affordable dwelling units within their jurisdiction.

Defines "affordable dwelling unit" as a single-family or multiple-family dwelling priced for sale to persons with income not exceeding 80% of median family income, or for rent to persons with income not exceeding 60% of median family income (adjusted for family size per HUD figures).

Permits local governments to grant developers permission to exceed applicable density limits when developers are required to construct one or more affordable dwelling units.

Authorizes local governments to enter into agreements with developers to restrict rent or sale prices on affordable dwelling units, including enforcement methods and penalties for noncompliance.

Requires affordable dwelling units to remain affordable for a minimum of 10 years but maximum of 50 years after development.