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Displaying items tagged: Michigan State Housing Development Authority

Tuesday, 21 March 2023 20:47

State, local leaders ‘lay the groundwork’ for statewide housing plan

GRAND RAPIDS — State and local housing leaders are beginning to collaborate on ways to accomplish goals established in Gov. Gretchen Whitmer’s Statewide Housing Plan.

Friday, 13 January 2023 12:27

6 West Michigan affordable housing projects receive $6.1M in tax credits

Housing projects in Grand Rapids, Kalamazoo, Traverse City, Spring Lake and Three Rivers received nearly $6.1 million in the latest round of Low Income Housing Tax Credits administered by the state. 

Thursday, 23 June 2022 15:55

GR, Kalamazoo housing projects receive $54.8M in state loans

Housing projects in Grand Rapids and Kalamazoo have received loans through the Michigan State Housing Development Authority totaling $54.8 million.

Sunday, 13 February 2022 19:00

MiBiz Growth Report: February 14, 2022

Here is a snapshot of company activity from our February 14, 2022 print edition.

Published in Economic Development
Sunday, 30 January 2022 18:07

Placemaking expert highlights pandemic policies’ ‘silver lining’ for downtowns

A Q&A with Joe Borgstrom, principal at Place + Main Advisors LLC

Sunday, 16 January 2022 18:09

Rental assistance application deadline nears as demand for relief remains high

West Michigan housing groups are still experiencing a steady flow of people who have been affected financially by the pandemic and are seeking rental relief through the state’s COVID Emergency Rental Assistance (CERA) program.

Thursday, 04 November 2021 16:41

Construction begins on $12M GR housing development with 50 mixed-income units

GRAND RAPIDS — Construction recently started on a $12 million, 50-unit apartment complex that’s been in the works since 2017 in the city’s Belknap Lookout neighborhood. 

Sunday, 15 August 2021 14:59

Relief slow to reach renters, landlords as eviction moratorium scales back

Housing nonprofits are scrambling to distribute unprecedented amounts of federal funding to renters at risk of becoming homeless as a scaled-back national eviction moratorium is temporarily extended.

Published in Economic Development
Sunday, 06 June 2021 16:30

State seeks to expand access to key housing tax credit, but funding remains scarce

Proposed changes to the Low Income Housing Tax Credit program administered by the Michigan State Housing Development Authority seek to increase access to the funding tool to communities beyond downtowns and city centers.

Sunday, 28 March 2021 15:23

State assistance program aims to help stabilize renters, landlords

West Michigan housing experts say a program recently rolled out by the Michigan State Housing Development Authority will help stabilize renters and landlords who have been struggling financially throughout the COVID-19 pandemic.

Published in Economic Development
Thursday, 15 October 2020 15:13

Ottawa County organization receives $300K for eviction diversion

HOLLAND — Good Samaritan Ministries has been awarded $300,000 from the Michigan State Housing Development Authority to help 200 more Ottawa County households avoid eviction.

Published in Economic Development
Sunday, 11 October 2020 09:08

MiBiz Growth Report: October 11, 2020

Here is the MiBiz Growth Report for October 11, 2020.

Published in Economic Development

Sunday, 04 October 2020 16:44

West Michigan projects get $1.9M in affordable housing funding

Two West Michigan affordable housing projects have secured $1.9 million in a recent funding round from the Michigan State Housing Development Authority.

Sunday, 15 March 2020 17:00

Developers try to fill needs in affordable senior housing

GRAND RAPIDS — Local developers are working to increase access to affordable housing for seniors who want to remain in their neighborhoods. 

Friday, 20 December 2019 08:33

Four West Michigan affordable housing projects get tax credits

Four proposed affordable housing projects in West Michigan have been awarded federal tax credits.

Saturday, 07 December 2019 09:07

Growth Report: December 7, 2019

Here is the growth report for December 7, 2019.

Published in Economic Development
Tuesday, 01 October 2019 08:50

ICCF’s Eastern Elementary housing project gets state funding boost

GRAND RAPIDS — An Inner City Christian Federation-led project to renovate a former Grand Rapids neighborhood school into affordable housing has received a funding boost from the state.

Wednesday, 21 August 2019 10:14

Legal Aid asks MSHDA to investigate fair-housing issues at GR properties

GRAND RAPIDS — Legal Aid of Western Michigan is asking a state agency to investigate alleged fair housing violations that negatively affect minorities and people with disabilities at properties owned by Midland-based Live Downtown Grand Rapids LLC. 

Friday, 21 June 2019 09:40

West Michigan projects secure $2.4 million in affordable housing credits

The Michigan State Housing Development Authority announced this week that two West Michigan projects secured funding via the Low Income Housing Tax Credits (LIHTC) program.

Sunday, 20 January 2019 23:56

Affordable housing developers face delays with ‘oversubscribed’ LIHTC funding

GRAND RAPIDS — Developers relied on low-income tax credits to add nearly 2,000 units of affordable housing in the city over the last five years. While the credits provide key gap financing to affordable housing developers, officials who administer the funding say the program is consistently “oversubscribed,” leading to delays for new projects.

Wednesday, 12 December 2018 10:46

Nine West Michigan affordable housing projects get tax credits

GRAND RAPIDS — Nine proposed affordable housing projects in West Michigan have been awarded tax credits.

Sunday, 02 December 2018 16:00

Proposed Belknap housing development awaits approvals

GRAND RAPIDS — A proposed housing development is seeking approvals from the city and state before moving forward in the Belknap Lookout neighborhood.

Sunday, 04 March 2018 18:27

Kalamazoo nonprofit says state could do more for mental health system

KALAMAZOO — The federally-mandated deinstitutionalization of developmentally disabled individuals in the 1970s led to the creation of group homes throughout the United States and launched nonprofits such as Residential Opportunities Inc. to manage them.

Published in Nonprofits
Sunday, 24 December 2017 16:43

Large-scale development to continue in 2018

Tower cranes constructing offices, hotels and apartments dot the skyline in and around downtown Grand Rapids.

Published in Economic Development

Sunday, 12 November 2017 15:03

Grand Rapids real estate firm moves to settle RICO case

GRAND RAPIDS — A West Michigan real estate firm has moved to settle a federal civil lawsuit alleging it engaged in racketeering and other fraudulent activities by charging higher rents at properties once intended for affordable housing.

Sunday, 01 October 2017 17:19

Lakeshore group seeks to bolster housing with new tools, grants

HOLLAND — Faced with a shortage of housing for people at various income levels, community leaders in Michigan’s fastest-growing county are exploring new ways to develop residential units.

Thursday, 10 August 2017 12:45

Michigan communities receive blight elimination grants

Municipalities and Land Bank Authorities across the state — including several in West Michigan — have received more than $3.6 million from the Michigan State Housing Development Authority (MSHDA) to combat blight.

Published in Breaking News

Sunday, 06 August 2017 15:35

Legislative Update: Historic preservation tax credits reintroduced; Closing the ‘dark store’ loophole

Michigan’s House and Senate may be in recess for most of the summer, but legislative issues continue to percolate. Advocates continue their work to move forward a range of legislation, including bills that would bring back tax credits for the redevelopment of historic buildings and another that would curb a controversial tax loophole. MiBiz checked in on the status of the two packages.

Published in Economic Development
Sunday, 16 July 2017 14:20

Pair of Division Avenue projects unsuccessful in securing state development incentives

GRAND RAPIDS — Two large downtown sites along Division Avenue will likely remain vacant, at least for the foreseeable future.

Tuesday, 11 July 2017 13:34

West Michigan projects awarded affordable housing tax credits

Two projects in Grand Rapids, as well as housing developments in Lansing, Charlotte and Hartford, have been awarded competitive affordable housing tax credits.

Published in Breaking News

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