The Michigan State Housing Development Authority (MSHDA), established in 1966, provides financial and technical assistance through public and private partnerships to create and preserve safe and decent affordable housing, engage in community economic development activities, develop vibrant cities, towns and villages, and address homeless issues.
MSHDA’s loans and operating expenses are financed through the sale of tax-exempt and taxable bonds and notes to private investors, not from state tax revenues. Proceeds of the bonds and notes are loaned at below-market interest rates to developers of rental housing, and also fund home mortgages and home improvement loans. MSHDA also administers various federal housing programs.
If you have questions, or would like more information, please contact MSHDA.
MSHDA’s Homeownership division provides a variety of programs and products for both homebuyers and homeowners. We can help if you’re trying to purchase a home, improve your current property or are facing foreclosure.
Your Realtor® is taking you to view homes for sale – how do you compare them in order to make the right decision for the right house?
MSHDA has made that comparison a little easier for you with a Property Checklist:
- Complete the checklist for each home you tour to quickly compare the features of each home.
- Consider neighborhood influences; location of schools, busy streets, industrial or commercial developments, and condition of other homes in the immediate area.
- Hire a professional to conduct a property inspection once you have narrowed down your selection to one home.
A Home Inspection gives you more detailed information about the overall condition of the home. A qualified inspector takes an in-depth, unbiased look at your potential new home to:
- Evaluate the physical condition, structure, construction, and mechanical systems
- Identify items that need to be repaired or replaced
- Estimate the remaining useful life of the major systems, equipment, structure, and finishes
