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Successes
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
13,113Over $151 million used to finance 13,113 units of affordable housing with Low-Income Housing Tax Credits (LIHTC) |
11,627Over $1.59 billion used to finance single-family home mortgages and down payment assistance for 11,627 households. |
249,980Over 249,980 people have been helped through the COVID Emergency Rental Assistance Program with more than $913,562,600 in aid. |
$49,871,000Over $49,871,000 has been used to help homeowners prevent the personal devastation of foreclosure through the Michigan Homeowner Assistance Fund. |
Successes
Successes