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MSHDA - Michigan State Housing Development Authority | LARA Michigan State Housing Development Authority | LARA
Michigan State Housing Development Authority | LARA
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  • Blight Elimination CDD provides financial assistance to communities to make physical improvements to residental neighborhoods through blight removal of vacant residential structures that are publically owned.
  • Homebuyer Program Using 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. Homebuyer programs generally fall into two categories...
  • Homeowner Program Community Development Division (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 MSHDA's Community Development Division's (CDD) 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.