Supporting Housing Development in Michigan: Key Tools from MSHDA

As Michigan communities grow, accessible and affordable housing remains essential for sustained economic development. The Michigan State Housing Development Authority (MSHDA) offers innovative programs that can make a significant difference for developers, local authorities, and community planners. Two standout initiatives—MI Neighborhood 2.0 and Housing Tax Increment Financing (TIF)—are currently available to support housing projects across the state.

MI Neighborhood 2.0 Grant Program

This program, blending state and federal funding, is designed to respond to regional action plans aligned with Michigan’s Statewide Housing Plan. The grant supports various components of housing activity, such as strengthening neighborhood infrastructure and enhancing quality of life.

Why It Matters:

• Strategic alignment with local needs

• Flexible funding to address unique housing challenges

• Opportunities for community-driven growth

Applications are open. Visit michigan.gov/mshda/neighborhoods for more information and to apply.

Tax Increment Financing (TIF) for Housing

MSHDA’s TIF program empowers local brownfield redevelopment authorities to capture tax revenues and fund affordable housing initiatives. By leveraging this tool, communities can create and preserve essential housing infrastructure, meeting diverse regional needs.

Key Benefits:

• Supports affordable housing projects in underutilized areas

• Enhances local redevelopment efforts

• Aligns with statewide housing priorities for a broader impact

Learn more: michigan.gov/mshda/tif

A Collaborative Future for Housing in Michigan

At the Dickinson Area Economic Development Alliance, these tools provide invaluable opportunities for our region’s growth. MSHDA’s programs are not just about housing—they’re about building more robust, vibrant communities.

Stay informed and take action. Explore how these initiatives can benefit your projects and strengthen our region’s future.