Housing Resources
Adequate housing to support our local employer base is one of our top priorities. A robust housing market supports talent attraction and retention, low unemployment, and a growing economy.
We work closely with local, state, and federal governments, as well as developers, to identify opportunities for expanding our housing market and addressing shortages.
The latest Dickinson County Housing Assessment was published in June 2020. The Central Upper Peninsula Planning and Development Regional Commission (CUPPAD) developed a multidisciplinary study to collect, organize, and review demographic, economic, and housing data that influence housing issues. Focus Groups were formed to ground-truth the data and to provide additional real-life anecdotes regarding experience with housing issues.
Below are local and state incentives to help close financial gaps in housing development. For more information, please contact Mindy Meyers at mindy.meyers@daeda.org.
Michigan Economic Development Corporation (MEDC)
MEDC MIPlace programs range from commonly mixed-use and downtown-focused to a variety of uses, as well as programs for emerging developers.
Michigan Community Revitalization Program (MCRP)
The program promotes community revitalization through the provision of grants, loans or other economic assistance for eligible projects located on properties that are either contaminated (facility), blighted, functionally obsolete or historic resources.
View guidelines at Michigan Community Revitalization Program.
Build MI Community Grant Initiative
An initiative designed to promote private investment in Michigan communities, this tool provides access to real estate development gap financing and technical assistance for small-scale, incremental redevelopment projects.
View guidelines at Build MI Community Grant Initiative.
State Brownfield Incentives and Programs
The State Brownfield Incentives and Program helps develop walkable communities with historical architecture, provides support for mixed-use developments, helps activate public spaces, and enriches arts and cultural amenities.
View available programs at Brownfield Incentives and Programs.
Michigan State Housing Development Authority (MSHDA)
MSHDA provides financing, shapes policy, and forges powerful partnerships to expand access to housing, while preserving affordability, and empowering individuals and families to thrive in the neighborhoods they choose.
Multi Family Direct Lending Programs
MSHDA provides direct lending parameters and gap financing programs for multi-family projects.
View the latest information at Multi Family Direct Lending Programs.
Housing Tax Increment Financing (TIF) Program
The program uses a TIF to help developers fund housing projects by capturing future property tax increases generated by a new development.
View the latest information at MSHDA Housing TIF Program.
Low Income Housing Tax Credits (LIHTC)
MSHDA administers the federal low-income housing tax credit in Michigan according to a Qualified Allocation Plan.
Learn more about application deadlines and scoring at Low Income Housing Tax Credits.
Housing and Community development Fund (HCDF)
The purpose of this program is to develop and coordinate public and private resources to meet the affordable housing needs of low-income, very low-income, and extremely low-income households and to revitalize downtown areas and adjacent neighborhoods in Michigan.
View the latest information at MSHDA Housing and Community Fund.
Tribal Nations Housing Development Assistance
The Tribal Nations Housing Development Assistance Program is designed to build on tribal nations’ existing capacity by providing the financial, knowledge, and technical resources needed to develop affordable housing programs and projects that respond to the unique needs of their communities.
Learn more about this program at MSHDA Tribal Nations Housing Development Assistance.
Michigan Opportunity zones
Established in the 2017 U.S. Tax Cuts and Jobs Act, Opportunity Zones offer incentives for long-term capital investments nationwide in low-income communities where investment has been sparse and business growth has been minimal.
There are three types of tax incentives that relate to the treatment of capital gains. Each of the incentives is connected to the longevity of an investor’s stake in a qualified Opportunity Fund for 10 years or more.
Learn more about Michigan Opportunity Zones.
View a map of Dickinson County's Opportunity Zone.
Build U.P. Housing Development Fund
Build U.P. as a long-term, sustainable fund to provide impact in addressing the UP-wide housing shortage. The program, run locally in the Upper Peninsula, provides two options to help new projects become a reality: a cash collateral program and a residential infrastructure loan program.
Learn more about Build U.P. on InvestUP.
Providing technical assistance to support existing business expansion and growth.
