Federal Grant Award Summary

The Michigan State Housing Development Authority (MSHDA) received a $16.08 million formula grant award dated September 24, 2025, from the U.S. Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the Home Investment Partnerships Program (CFDA 14.239). This nine-year award, with a completion date of September 30, 2034, supports the expansion of affordable housing for low- and very low-income residents throughout Michigan. MSHDA will utilize these funds to finance a comprehensive range of affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and construction of rental housing, and tenant-based rental assistance to eligible households.

As a participating jurisdiction, MSHDA will deploy HOME funds either through direct project implementation or by providing allocations to developers, nonprofit organizations, and community partners engaged in affordable housing development and preservation. All HOME-assisted housing must meet federal income targeting and affordability requirements, with assisted units remaining affordable to low-income households for periods ranging from 5 to 20 years depending on the activity type and funding contribution level. MSHDA is required to maintain comprehensive records documenting program compliance and affordability periods, submit annual action plans to HUD for review, and follow the planning and reporting requirements established under 24 CFR Part 91.