Housing trust fund

The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development awarded the Michigan State Housing Development Authority $4,395,993.44 under the Housing Trust Fund program (CFDA 14.275) on September 24, 2025, to expand and preserve the supply of affordable rental housing for extremely low-income and very low-income households in Michigan. The award obligates funds through September 24, 2032, with place of performance in Lansing, Michigan. Michigan State Housing Development Authority acts as the administrative recipient and pass-through entity, distributing HTF funds to sub-recipients and community service providers throughout the state for production, preservation, and rehabilitation of rental housing. Grantees must submit HTF allocation plans no later than August 16, 2026, as part of their annual action plan and must comply with 24 CFR Part 91. Once drawn down, funds must be expended within fifteen days; all funds must be committed to projects within 24 months and expended within five years. Records documenting compliance must be maintained for the most recent five-year period, with affordability documentation retained for five years beyond the required period of affordability.