LANSING, Mich., July 8, 2013 /PRNewswire-USNewswire/ -- Scott Woosley, executive director of the Michigan State Housing Development Authority (MSHDA), today announced two cities and three counties will receive a share of $715,800 in Community Development Block Grant (CDBG) funds.
MSHDA administers the federally-funded CDBG program through its Office of Community Development. CDBG funds are used by smaller communities and counties to upgrade homes owned by lower income residents and carry out other housing activities. Money also is used to fund neighborhood preservation programs, down-payment assistance programs as well as rental development and rehabilitation activities.
"Grants like these help MSHDA play a critical role in our state's future by giving communities the tools they need to preserve decent, affordable housing for low- and moderate-income residents," Woosley said. "When we support activities that revitalize communities, we raise the standard of living for all who live there."
- Alpena County: $200,000 CDBG, to rehabilitate 13 owner-occupied homes. Grant administrators: Christina Skiba and Cam Habermehl, (989) 354-9664.
- City of Gladwin (Gladwin County): $85,300, CDBG, to assist a landlord with the creation of two rental units in the city's downtown. Grant administrator: Thomas Winarski, (989) 426-9231.
- Iosco County: $175,000, CDBG, to rehabilitate 12 owner-occupied homes throughout Iosco County. Grant administrators: Jeffrey Matthews and Diane Rasch, (989) 984-1000.
- City of Marshall (Calhoun County): $80,500 CDBG, to assist a landlord with the rehabilitation of two rental units in the city's downtown. Grant administrators: James Dyer, (269) 781-7270 and Natallie Huestis, (269) 789-4604.
- Ogemaw County: $175,000 CDBG, to rehabilitate 25 owner-occupied homes in targeted areas throughout the county. Grant administrators: Lee Ann Fischer, (989) 345-5390 or Gary Klacking, (989) 345-0215.
All amounts include administrative costs.
The Michigan State Housing Development Authority (MSHDA) provides financial and technical assistance through public and private partnerships to create and preserve decent, affordable housing for low- and moderate-income residents and to engage in community economic development activities to revitalize urban and rural communities.*
*MSHDA's loans 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. For more information, visit www.michigan.gov/mshda
SOURCE Michigan State Housing Development Authority