MSHDA Awards $457,300 for Rental Rehabilitation in Menominee

Lansing ?Michigan State Housing Development Authority (MSHDA) Executive Director Keith Molin recently announced a grant totaling $457,300 for rehabilitation to rental units in Menominee. The funding for this project is available through the federal Community Development Block Grant (CDBG) program and will be administered by MSHDA's office of Community Development.

"The pride of Michigan is represented by each of our communities," Molin said. "The funding provided through these grants will allow communities like Menominee to grow and thrive, creating a better economic environment as well as job opportunities."

The city of Menominee will use the grant funds for downtown rental rehabilitation. The city of Menominee will rehabilitate fifteen (15) units in the historic waterfront downtown and the adjacent residential area, as part of an ongoing effort to revitalize their traditional downtown neighborhood. This area is also a Michigan Main Street area.

MSHDA's vision in the 21st century is to improve the quality of life for all Michigan residents and create vibrant communities by focusing on providing safe, affordable housing through homeownership and rental programs; ending homelessness; and revitalizing neighborhoods and downtowns. 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. For information on this and other MSHDA programs, visit the Web site at www.michigan.gov/mshda.

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