The Michigan State Housing Development Authority is helping homeowners statewide cross off important repair work on their to-do list with more than $1.1 million in HOME Investment Partnerships Program (HOME) grants.
“These grants make a profound positive impact on local neighborhoods and the people who live there,” said Earl Poleski, executive director of MSHDA. “When a homeowner improves the physical condition of their house, it tends to have a ripple effect that inspires surrounding home and business owners to fix up their places, too.”
The HOME program, created by the U.S. Department of Housing and Urban Development, helps build, buy or rehabilitate affordable housing for rent or ownership. This work is often done in partnership with local nonprofit groups. The program has flexibility that allows state and local governments to use the funding for grants, direct loans, loan guarantees, rental assistance or other credit enhancements.
MSHDA awarded these HOME funds for homeowner rehabilitation and homebuyer assistance to elevate and improve low- to moderate-income households. HOME funds are reserved for households at or below 80% of area median income.
In all, 10 Michigan communities will benefit from these grants with awards ranging from $66,000 to $176,000. The HOME program grantees (in alphabetical order) are:
Community Action Agency Alger/Marquette County – $80,000
The CAA plans to complete two homebuyer purchase rehabilitation projects within Marquette County which includes 22 rural townships and the cities of Marquette, Ishpeming and Negaunee.
