Developers, local governments and nonprofit organizations can now apply for a chunk of $60 million targeted at various benchmarks in Michigan's Statewide Housing Plan, using a new application unveiled by the Michigan State Housing Development Authority on Monday.
To become a Top 10 state, Michigan's economy and housing market need significant investments, officials told a House panel on Thursday.
A bill that would remove a provision that prohibits Michigan State Housing Development Authority from providing long-term financing for a project unless the project is constructed or rehabilitated in anticipation of the financing was reported to the floor by a House committee on Tuesday.
After six months of work, Governor Gretchen Whitmer's population task force voted to send its report with recommendations on how to reverse 40 years of dwindling population growth to the executive office.
The Housing Readiness Incentive Grant Program will provide $5 million in funds for cities, villages and townships to encourage them to build more housing and make housing more affordable, the Michigan State Housing Development Authority said Thursday.
Josh Pugh will head external affairs for the Michigan State Housing Development Authority, it announced on Tuesday.
The Michigan State Housing Development Authority would be able to purchase its own debt to keep housing prices low under a new bill package.
Legislation intended to address Michigan's housing crisis was heard before the House Economic Development and Small Business Committee Tuesday.
Tonya Coon is the new Michigan State Housing Development Authority's homeownership director, the agency announced Wednesday.
Legislation that would create a fund to convert vacant land into useable space and establish new tools to finance affordable housing projects was signed by Governor Gretchen Whitmer on Tuesday.