LANSING, Mich., July 23 /PRNewswire-USNewswire/ -- Keith Molin, executive director of the Michigan State Housing Development Authority (MSHDA), announced today that 10 Michigan communities have been selected by MSHDA to take part in the Michigan Main Street Associate Level program. These 10 selected communities will receive training over the next year on the basics of the Main Street four point approach, including organization, promotion, economic restructuring and design. This training will be provided by staff from the Michigan Main Street Center @ MSHDA and Selected and Master Level Main Street communities.
"Michigan's economy cannot thrive without vibrant downtowns," Molin said. "This program is creating opportunities for new development and economic growth in downtowns across our state."
The Michigan Main Street Associate program is part of Governor Granholm's initiative to create vibrant communities in Michigan. These efforts are based on numerous recent studies showing that investing in our downtowns creates vibrant centers, making our state economically stronger. The 10 communities to receive the Michigan Main Street Associate Level designation are:
- Grand Ledge
- West Branch
Communities wishing to become a Michigan Main Street Community or to request information regarding the Michigan Main Street Associate Level program are asked to contact Laura Krizov at (517) 241-4237.
The Michigan State Housing Development Authority is dedicated to building a thriving and vibrant future for Michigan. MSHDA provides tools and resources to improve people's lives through programs across the state. These programs assist with housing, build strong neighborhoods, and help create places where people want to live and work. MSHDA's programs work in four areas: affordable rental housing; supporting homeownership; ending homelessness; and creating vibrant cites and neighborhoods.*
*MSHDA's loan and operating expenses are financed through the sale of tax-exempt and taxable bonds as well as notes to private investors, not from state tax revenues. Proceeds are loaned at below-market interest rates to developers of rental housing, and help fund mortgages and home improvement loans. MSHDA also administers several federal housing programs.
SOURCE Michigan State Housing Development Authority