MSHDAMichigan State Housing Development Authority
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These grants are awarded to local groups with innovative ideas that address specific needs in their neighborhoods, said Gary Heidel, Acting Executive Director of MSHDA. The projects selected for grants are highly visible, housing-oriented opportunities that will improve the quality of life for the people living in these communities.
But because she was receiving an MSHDA loan, a 1% prepayment fee was required if the mortgage was paid off in less than three years.
The family obtained a $38,400 first-mortgage loan from the NHS for the purchase of a $51,400 home, and MSHDA's First-Home Program provided a $9,600 forgivable second mortgage plus a $2,800 grant.
In order to study current housing trends in more depth, MSHDA created a Statewide Housing Needs Assessment (SHNA) using Census data from the American Community Survey to investigate how the three major components of market dynamics are trending: demand, supply and pricing/affordability.
This forum follows one held in April 2011 under the guidance of MSHDA. The agency collaborates with a coalition of cities to manage and administer the state's very large Neighborhood Stabilization Program (NSP) grant.
We are pleased that together with our partners, we are creating an opportunity for this brownfield site to be returned to productive use, MSHDA Executive Director Earl Poleski said.
In the past year, we have seen drastic improvements in certain homeless populations, including a 20 percent decline in the area of the chronically homeless, said Earl Poleski, executive director at MSHDA. This annual report tells a story about our collective work, and the story is that we are making progress where it matters most.
The primary source of funding for the new development was provided by MSHDA in the form of a $5.4 million federal LIHTC allocation.
Now in its 15th year, the award program was created by the State Historic Preservation Office (SHPO) at MSHDA to recognize outstanding historic preservation achievements that reflect a commitment to the preservation of Michigans unique character and the many archaeological sites and historic structures that document Michigans rich past.
The Michigan State Housing Development Authority (MSHDA), which along with MEDC presented the census data to Gov.
These grants are awarded to local groups with innovative ideas that addressed specific needs in their neighborhoods, said MSHDA Executive Director Earl Poleski.