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Successes

Successes

To address housing needs, the Michigan State Housing Development Authority (MSHDA) has aided in the creation or preservation of 13,800 multifamily rental housing units since Fiscal Year 2020. This represents a total investment of about $2.6 billion in housing.

MSHDA Gary Heidel quote

Housing Developments and Programs

13,113


Over $151 million used to finance 13,113 units of affordable housing with Low-Income Housing Tax Credits (LIHTC)

11,627


Over $1.59 billion used to finance single-family home mortgages and down payment assistance for 11,627 households.

249,980


Over 249,980 people have been helped through the COVID Emergency Rental Assistance Program with more than $913,562,600 in aid.

$49,871,000


Over $49,871,000 has been used to help homeowners prevent the personal devastation of foreclosure through the Michigan Homeowner Assistance Fund.

Successes

Successes

1,959 units
Over $30 million used to finance 1,959 units of affordable housing using the Low-Income Housing Tax Credit (LIHTC)

1,099 rentals
$107.8 million used to finance 1,099 rental units

4,391 homes
Over $499 million used to finance 4,391 single-family homes

$51 million 
$51 million granted to 120 different local entities for homelessness prevention 

Andy's Place housing project

Andy's Place, Jackson

Andy's Place in Jackson provides long-term care for individuals struggling with opioid and other substance abuse disorders. 

Coolidge_Park_Apartments pic of apartment sign

Coolidge Park Apartments, Flint

Communities First, a nonprofit organization, transformed Calvin Coolidge Elementary which closed in 2011 into a new mixed-use building. 

 

Osborn_Commons pic of appartments

Osborn Commons, Sault Ste. Marie

A 65-unit mixed-income apartment building with 63 affordable housing units located in downtown Sault Ste. Marie