Looking for a place to rent or buy? If so, you know that reasonably priced housing is hard to find, state-wide. Affordable housing is at the center of a new proposal from the Governor’s office. The proposal would spend $100 million in federal relief money and $380 million in private funding to create new housing.
Governor Gretchen Whitmer called the investment “transformational” and said that the investment will “make a huge difference in the lives of Michiganders because a home is the foundation for long-term prosperity.”
The Governor has proposed moving $100 million of federal money into the Michigan Housing and Community Development Fund which to works to meet the affordable housing needs of low-income households and to revitalize downtown areas in Michigan.
MSHDA Acting Executive Director Gary Heidel said, “The current magnitude of the housing shortage is so large that solving the supply problem will take significant coordination of both public and private resources, coordination that the Housing and Community Development Fund was designed to do.”
The investment is aimed at “missing middle” housing for those moving from low-income to middle-income housing and at workforce housing.
Reporting for WGRT – Jennie McClelland
