MI SB1152

Expands eligible activities for brownfield redevelopment to include housing assistance and housing development activities when a community identifies specific housing needs with absorption data or job growth data in the brownfield plan.

Allows capture of school operating tax increment revenues for housing assistance activities (down payment subsidies, homeowner rehabilitation reimbursement, developer financing gap assistance, rental unit rehabilitation) and housing development activities (rental rehabilitation, infrastructure improvements, demolition, temporary household relocation).

Requires Michigan State Housing Development Authority approval of work plans for projects with 50% or more residential use seeking reimbursement for housing assistance or housing development activities, with price and income monitoring requirements.

Establishes definitions for "income qualified household" (up to 120% of area median income), "housing assistance activities," and "housing development activities" to guide program implementation.

Adds Michigan State Housing Development Authority as approval entity for certain combined brownfield plans and work plans involving school operating tax revenues for housing-related activities, and requires annual reporting to the authority on housing units produced and income-qualified households served.