MSHDA Awards $256,100 Grant for Rental Rehabilitation in ScottvilleContact: Mary Lou Keenon 517-373-0011
FOR IMMEDIATE RELEASE
My 19, 2009
MSHDA Awards $256,100 Grant for Rental Rehabilitation in Scottville
Lansing –Michigan State Housing Development Authority (MSHDA) Executive Director Keith Molin recently announced a grant totaling $256,000 for rehabilitation to rental units in Scottville in Mason County. The funding for this project is available through the federal Community Development Block Grant (CDBG) program and will be administered by MSHDA's office of Community Development. Scottville is also one of the thirteen (13) Michigan Main Street Communities
"The pride of Michigan is represented by each of our communities," Molin said. "The funding provided through these grants will allow communities like Scottville to grow and thrive, creating a better economic environment as well as job opportunities."
The city of Scottville will use the grant funds to assist landlords with the rehabilitation of rental units. The city of Scottville will rehabilitate six (6) downtown rental units in underused space above storefronts, to create additional housing opportunities that contribute to the vibrancy of their downtown, a Michigan MainStreet Community.
MSHDA's vision in the 21st century is to improve the quality of life for all Michigan residents and create vibrant communities by focusing on providing safe, affordable housing through homeownership and rental programs; ending homelessness; and revitalizing neighborhoods and downtowns. MSHDA's loans and operating expenses are financed through the sale of tax-exempt and taxable bonds and notes to private investors, not from state tax revenues. For information on this and other MSHDA programs, visit the Web site at www.michigan.gov/mshda.