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MSHDA was created as a result of the State Housing Development Authority Act of 1966 (Act 346 of 1966). [1] The purpose of this act was to establish funds in housing development, land acquisition and development, rehabilitation, conversion condominium fund, and to provide for the expenditure of certain funds.
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
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Lake Parc Place/Lake Michigan High-rises (Lake Michigan High-rises demolished; Lake Parc Place renovated) Lawndale Gardens (Renovated 2008) LeClaire Courts (demolished 2010) Lowden Homes (Renovated 2008) Prairie Courts (demolished 2001) Racine Courts (Renovated 2009) Raymond Hilliard Homes (Renovated 2006) Robert Taylor Homes (Demolition ...
Ann Arbor is a case in point. Housing affordability in the university town is a real challenge. Zillow reports the median rent for a two-bedroom apartment is $1,975 per month; in comparison, a ...