Blight Elimination MSHDA's Community Development Division (CDD) provides financial assistance to communities to make physical improvements to residential neighborhoods through blight removal of vacant residential structures that are publically owned.
Homebuyer Program Through the Housing Resource Fund, CDD awards grants to community-based nonprofits or local units of government to implement programs that promote homeownership for low-income families.
Homeowner Program CDD funds homeowner rehabilitation programs offering deferred loans to low-income homeowners with an income at or below 80 percent of the area median.
Pre-Development Program Pre-development loans are available to assist nonprofit housing developers who are (or will be) seeking MSHDA financing for an affordable housing project. Pre-development loans fund up-front project expenditures, providing a form of line of credit that many nonprofit developers need but often have difficulty obtaining from private sources. Pre-development loans must be related to a specific housing project.
Rental Program CDD's Rental program is designed to improve investor-owned properties and spur economic development in Michigan's downtowns. Funding for Rental is generally provided through the unit of local government with jurisdiction for code enforcement and/or rental licensing.