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 [...]
MSHDA has posted its NOFA at its website, www.michigan.gov/mshda announcing the second round of funding availability. This fund supports projects designed to fuel strategies leveraging public and private resources to meet the affordable housing needs of low income, very low income and extremely low income households and to finance projects located in downtown areas or adjacent neighborhoods, [...]
Today, The Parmenter Group released its position paper outlining its proposal to immediately stimulate new private investment in the depressed affordable rental housing market. The proposal is designed to attract new investors and dramatically improve the equity investment in affordable rental housing through the purchase of Low Income Housing Tax Credits (“LIHTC”).
Mary Levine, CEO & President of [...]
MSHDA now has its NSP PowerPoint on its website - or get a copy here.
http://michigan.gov/documents/mshda/mshda_NSP_Powerpoint_Presentation_to_MCDA_259572_7.ppt
Training is coming in mid-Janauary with applications due in mid-February.
See link below to latest info on Shaun Donavan.
http://viewdc.blogspot.com/2008/12/donovan-chosen-as-hud-secretary-reports.html
At the MSHDA Board meeting on November 18, 2008, Executive Director Keith Molin announced the permanent appointment of Jeff Sykes as Director of Finance and Chris LaGrand as Director of Legal Affairs. Mr. Molin commented that this would be the first time that all Division Director positions no longer had the moniker of “Acting” in [...]
The Parmenter Group has learned that Corina Pena Andorfer will leave her staff attorney position to return to Governor Granholm’s General Counsel Office. Ms. Andorfer was formerly associated with the Dykema law firm and was also previusly Assistant General Counsel under former General Counsel Kelly Keenon, and Acting Director of Legal Affairs at MSHDA. Ms. Andorfer [...]
The next MSHDA Board Meeting will be held at the MSHDA-Lansing Office at 10 a.m. on Wed., Nov. 19th. Mary Levine, Parmenter Group CEO will attend the meeting and will report on a Board action. Log in to find out the latest MSHDA-board approved activities.
All comments on the Neighborhood Strategic Program (NSP) - Amendment to the Consolidated Plan are due to MSHDA no later than November 19, 2008. Comments should be directed to:
Martha Baumgart
Subject: Neighborhood Stabilization Program (NSP)
baumgartm@michigan.gov.
You can review the Plan amendments by going to “Spotlight” at http://michigan.gov/mshda/
