State Housing Authority Announces MSHDA and Federal Grants to Help House Homeless in Barry County

November 30, 2011
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Category: News || Grants, Homeless & Crisis Assistance, Housing & Development | 1 Comment


LANSING, MI – November 30, 2011 – (RealEstateRama) — Executive Director Gary Heidel of the Michigan State Housing Development Authority (MSHDA) today announced funding for Barry County United Way in the amount of $38,913 through its Emergency Solutions Grant (ESG) program. The funds are being awarded to communities and local recipient organizations as part of an estimated $2.8 million in federal grants and $5 million in MSHDA reserves to be allocated this fiscal year across the state.

“This is an important part of helping Michigan residents as they work toward economic recovery, housing stability and self-sufficiency” said Heidel. “I am pleased that we are able to remain committed to those with the most urgent housing needs through programs like these.”

The ESG program offers financial assistance to public and nonprofit organizations that are responding to the needs of homeless populations through a comprehensive community-wide planning process and implementation strategy known as the Continuum of Care Plan. A total of 60 organizations representing the 60 Continuum of Care areas serving all 83 counties in Michigan will share the estimated $7.8 million in combined MSHDA and federal ESG funding to help serve the more than 100,000 homeless Michigan residents. Michigan’s Campaign to End Homelessness is driven by public and private sector groups throughout the state, working together toward a single goal: making stable, sustainable and affordable housing available to every person in Michigan.

About MSHDA 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.

Contact:

Mary Lou Keenon
Communications Director
Telephone: 517.373.0011
Local Contact: Sharon Boyle
Telphone: 269.945.4011



 


 

Comments
Comment by dannoblez on December 1, 2011 @ 4:35 am

This new 123 Refinance could serve as a lifeline for many of the 2 million homeowners in the US estimated to owe more than the value of their property

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