MSHDA has received approval from HUD on its statewide Neighborhood Stabilization Program (NSP) Plan.  Workshops to learn about the competitive selection process are scheduled to occur throughout the state.  More information on the NSP and workshops can be found at:  http://michigan.gov/mshda/0,1607,7-141–202883–,00.html.  Workshops are free and should be attended by municipalities, non-profit housing and community development organizations, [...]

The Michigan Economic Development Corporation (MEDC) and the Detroit Investment Fund, announced the creation of the Detroit Urban Retail Loan Fund.  This is a revolving fund of $5 Million focused on providing lending support to small and medium sized storefront (retail) businesses in Detroit’s Midtown, Downtown, Riverfront, Eastern Market and Corktown.  Loans will range from [...]

The following MSHDA Board Sub-Committee assignments have been announced:
Real Estate and Finance Sub-committee:  Bernie Glieberman (chair), Archie Clark and Robert Kleine
Policy, Programs and Human Resources Sub-committee - Ismael Ahmed (chair), Skip Pruss and Tonya Gatson
Audit Review and Risk Management Sub-committee:  Marianne Udow-Phillips (chair), Sister Maureen Geary and Robert Kleine

Last Friday, MSHDA published its proposed amendmentsto the Qualified Allocation Plan and announced it will hold 3 public hearings in Lansing, Detroit and Grayling on Wednesday, February 11th.  Publication of these proposed changes follows an invite-only forum attended by industry representatives hosted by MSHDA in January.
A link to the proposed changes and announcement of the [...]