MI State Housing Development Authority

Michigan State Housing Development Authority (MSHDA) is a quasi-public state agency headquartered in Lansing, Michigan, operating under the Michigan Department of Labor and Economic Opportunity. Established in 1966, MSHDA provides financial and technical assistance through public and private partnerships to create and preserve safe, decent, and aff... ordable housing across the state. The authority finances its loans and operating expenses through the sale of tax-exempt and taxable bonds and notes to private investors rather than state tax revenues, with proceeds loaned at below-market interest rates to rental housing developers and used to fund home mortgages and home improvement loans. MSHDA administers a broad range of federal and state housing programs, including the Housing Choice Voucher Program, down payment assistance, rental development initiatives, neighborhood development grants, and homeless solutions programs. The authority serves lenders, realtors, developers, and individual residents statewide, with a mission centered on creating diverse, equitable, and thriving communities through quality affordable housing solutions.Read More