LANSING, MI – July 8, 2013 – (RealEstateRama) — Scott Woosley, executive director of the Michigan State Housing Development Authority (MSHDA), today announced that Roscommon County will receive a $175,000 HOME Investment Partnership Program (HOME) grant.
The county will use the funds to rehabilitate 18 owner-occupied homes, and provide administrative costs.
MSHDA administers the federally-funded HOME program through its Office of Community Development. HOME provides formula grants to states that communities use — often in partnership with local nonprofit groups — to fund a wide range of activities that build, buy and/or rehabilitate affordable housing for rent or homeownership or provide direct rental assistance to low-income residents.
“Provisions of HOME grants make them unique and powerful tools to help rebuild Michigan communities,” Woosley said. “They allow local units of government to tailor projects to their needs and emphasize a strong public-private partnership, among other attributes. They mobilize community resources in support of affordable housing, and in doing that, we raise the standard of living for all who live there.”
Patricia Marshal 989.275.8306
Laura MacKillop 989.275.8306
Robert Schneider 989.275.8021