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Housing Readiness Incentive Grant Program
Housing Readiness Incentive Grant Program
The Housing Readiness Incentive Grant Program provides funding to eligible applicants to implement actions that encourage increasing housing supply and affordability. The program is authorized pursuant to Section 1028 of the State of Michigan’s Fiscal Year 2024 Budget.
Funding Available & Maximum Grant Amount
$5,000,000 is allocated to the program.
- $3,000,000 is available in Category A.
- $2,000,000 is available in Category B.
The maximum grant amount per award is $50,000. Match and/or leverage funds are not required. Up to two disbursements are available per grant. The first may be an advance upon MSHDA’s receipt of an executed contract to support the proposed activities; the second will be a reimbursement upon completion of the proposed activities.
Eligible Activities
Eligible activities include costs associated with the adoption of land use policies, master plan updates, zoning text amendments, and similar actions to encourage increasing housing supply and affordability. The work may be performed by existing and/or contracted employees and/or third-party consultants. Indirect rates and grant administration are ineligible expenses.
Eligible Applicants
Eligible applicants in Category A are cities, villages, and townships that do not have an Engaged, Essentials, and/or Certified designation from the Michigan Economic Development Corporation’s “Redevelopment Ready Communities” program.
Eligible applicants in Category B are cities, villages, and townships that have an Engaged, Essentials, and/or Certified designation from the Michigan Economic Development Corporation’s “Redevelopment Ready Communities” program.
Eligible applicants may only submit one application.
Counties, councils of government, universities, and for-profit and not-for-profit entities are among the organizations that are ineligible to apply.
Grant Rounds & Review
The online application portal for all applicants will open January 16, 2024, and remain open until funds are no longer available. There is no application deadline. Applications will be reviewed and awarded in the order in which they are received.
Grant Term
Grants will have an initial term of 24 months, beginning on the date the grant was awarded.