Michigan State Housing Development Authority

Michigan State Housing Development Authority
Agency overview
Formed 1966
Jurisdiction The State of Michigan
Headquarters 735 E. Michigan Avenue Lansing, Michigan
Agency executives
  • Kevin Elsenheimer, Executive Director
  • Brian Mills, Chief Operating Officer
Parent agency Michigan Dept. of Talent and Economic Development
Child agency
  • Michigan State Historic Preservation Office
Website michigan.gov/mshda

The Michigan State Housing Development Authority (MSHDA) is a quasi-public agency of the U.S. state of Michigan under the umbrella of the Michigan Strategic Fund.

History

MSHDA was created as a result of the State Housing Development Authority Act of 1966 (Act 346 of 1966).[1] 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.[2] 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.[3]

See also

References

  1. ↑ Staff. "Enabling Legislation". Michigan State Housing Development Authority.
  2. ↑ http://www.arenacindependent.com/detail/88733.html
  3. ↑ Michigan Legislature (1966). "Public Act 346 of 1966". State of Michigan.
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