City of Monroe Granted $163,900 for Rental Rehabilitation

Monroe  Michigan State Housing Development Authority (MSHDA) Executive Director Keith Molin recently announced funding for $163,900 for rental rehabilitation of rental units. The funding for this project is available through HOME Targeted Revitalization Fund and will be administered by MSHDA's office of Community Development.

"The pride of Michigan is represented by each of our communities," said Molin. "The funding provided through these grants will allow communities like Monroe to grow and thrive and create new economic and job opportunities."
The City of Monroe will use the grant funds to assist landlords with the rehabilitation of rental units. The city of Monore will rehabilitate ten (10) rental units located in downtown Monroe.

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.

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