- Michigan State Housing Development Authority
-
The Michigan State Housing Development Authority (MSHDA) is a part of the state of Michigan's Department of Treasury that services those in need of technical and financial assistance. Established in 1966, MSHDA is partnered with both public and private services to better the community through creating and preserving safe and affordable housing, encourage community economic development activities, and address homeless issues. MSHDA is organized into 13 different divisions, each addressing a different area of focus:
- Executive
- Administrative & Office Services
- Asset Management
- Community Development
- Finance
- Historic Preservation & Archaeology
- Homeownership
- Housing Voucher Programs
- Legal
- Rental Development and Homeless Initiatives
- Southeast Michigan Development
- Specialized Technical Assistance and Revitalization Strategy (STARS)
- Urban Revitalization[1]
History
The Michigan State Housing Development Authority was created as a result of the State Housing Development Authority Act of 1966 (Act 346 of 1966).[2] The purpose of this act was to establish funds in housing development, land acquisition and development, rehabilitation, conversion condominium fund, and to provide for the expenditure of certain funds. In addition, it was created to authorize the making and purchasing of loans, differed payment loans, and grants to qualified developers, sponsors, individuals, mortgage lenders, and municipalities.[3] The State Housing Development Authority Act of 1966 also established and continues to provide acceleration and foreclosure procedures, provide tax exemption, authorize payments instead of taxes by nonprofit housing corporations, consumer housing cooperatives, limited dividend housing corporations, mobile home park corporations, and mobile home park associations, and prescribe criminal penalties for violations of the act.[4]
See also
References
- ^ "Michigan State Housing Development Authority". http://www.michigan.gov/mshda/. Retrieved 5/1/11.
- ^ Michigan State Housing Development Authority. "Enabling Legislation". http://www.michigan.gov/mshda/0,1607,7-141-7559_9628---,00.html.
- ^ http://www.arenacindependent.com/detail/88733.html
- ^ Michigan Legislature. "Act 346 of 1966". http://www.legislature.mi.gov/%28S%28altr1ouqkxk3z5ysrm1kkf55%29%29/mileg.aspx?page=getobject&objectname=mcl-act-346-of-1966&queryid=818287&highlight=.
Categories:
Wikimedia Foundation. 2010.
