CEDAM Policy Priorities
CEDAM members strengthen neighborhoods, provide economic opportunities, and develop and preserve affordable housing in their communities. CEDAM advocates for policies that empower our members to sustain and expand their work. Our policy priorities are determined by CEDAM members every new state legislative cycle.
CEDAM supports and advocates for vibrant neighborhoods, economic opportunity, equitable development, and housing security.
- Establishing a Community Investment Tax Credit, a donation-based tax incentive that would provide sustainable support for community-based nonprofits
- Long-term, stable funding for the Michigan Housing and Community Development Fund (MHCDF), which finances downtown and neighborhood improvements, and affordable and supportive housing.
- An increase in state resources for production and preservation of low income housing
- Restoring the Earned Income Tax Credit (EITC) to 20% of the federal EITC
- State resources for free tax assistance programs
- Ensuring that all Michigan students have access to post-secondary savings accounts by Kindergarten
- Fair and responsible lending practices, including a 36% rate cap on payday loans
- Strong oversight from the CFPB to ensure fair lending practices and equitable access to credit
- Robust funding for housing and community development programs including:
- Low Income Housing Tax Credits (LIHTC)
- New Markets Tax Credits (NMTC)
- National Housing Trust Fund (NHTF)
- Community Development Block Grant (GDBG) Program, and more