Michigan State Housing Development Authority
The Michigan State Housing Development Authority (MSHDA) sells tax-exempt notes and bonds and loans the proceeds to private developers. These developers use the money to build, own and operate low- and moderate-income rental housing. MSHDA does not own the housing, but makes loans and regulates operation of the developments which typically range in size from 24-150 units. Separately, the U. S. Department of Housing and Urban Development (HUD) provides rent subsidy to many of the MSHDA-financed developments.
Since 1970 MSHDA has financed nearly 400 multi-family housing developments throughout the State of Michigan. These apartment and town home complexes are privately owned and managed, but many offer rental subsidies or other assistance to low- and moderate-income individuals and families in Michigan. A list of federal, state, and local government financed developments is available from the Michigan Preservation Information Exchange (MIPIE).
If you are a non-profit organization or a local government, and planning a development between 1 and 24 units, then check out our Community Development Division to see what wonderful things they can do for you!
Are you looking for projects on which to bid? If so, check out our list of projects by area. In it you will find projects which are currently under construction, along with the builder's name and contact phone number.