Using the Housing Resource Fund, OCD awards grants to community-based nonprofits or local units of government to implement programs that promote homeownership for low-income families. Homebuyer programs generally fall into two categories:
1. Programs such as down payment and moderate rehabilitation assistance to help low-income homebuyers purchase affordable housing units.
2. Programs promoting housing development, acquisition and rehabilitation, or new construction of affordable units for resale. A most successful housing development program includes revitalization projects in underserved target areas and/or plans to increase affordable housing stock in the community.
For further information about these programs please contact MSHDA's Office of Community Development at (517) 373-1974.
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