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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.
Simply put, down payment assistance programs help drive homeownership, which itself helps build positive outcomes for individuals and their communities, including stability and wealth-building ...
From down payment assistance to tax credits, there are numerous programs designed to help you achieve your homeownership dreams. Remember, the key to unlocking the door to homeownership is knowledge.
Federal first-time homebuyer programs: Loans and programs backed or offered by the federal government State, non-profit and employer-sponsored programs: Homebuying assistance at the local level
Since 2013, buyers receiving down payment assistance from HOME are required to participate in pre-purchasing homeownership counseling, and in August 2021 full implementation of HUD regulations requiring counseling be provided by certified counselors employed by HUD-approved housing counseling agencies took effect standardizing the curriculum ...
The Michigan Strategic Fund would take over the State Land Bank Fast Track Authority from the Michigan State Housing Development Authority. [4] The Michigan Department of Talent and Economic Development came into existence on March 16, 2015 with the department's first director being Steve Arwood, concurrently CEO of the MEDC. TIA's first head ...
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