Lansing, MI?--?On Jan 13th, Governor?Gretchen Whitmer announced funding to build or improve nearly 700 affordable housing units across 17 projects from Cheboygan to Detroit. Overall, the total development costs of projects funded is anticipated to be around $176.6 million and will create over 60 permanent jobs and over 1,100 temporary jobs.  

“As rents and home prices go up across the state, it’s clear that quality, affordable housing is out of reach for far too many Michiganders,” said Governor Whitmer. “We must build more housing, which is what makes this program so important. It’s also why I signed the bipartisan Building Michigan Together Plan last year, which included the ambitious goal of building or rehabilitating 75,000 housing units within the next five years. These are the types of steps we need to take to make sure every Michigander has a safe, affordable place to call home.” 

Developers that receive a portion of the $14 million in federal Low-Income Housing Tax Credits (LIHTC) administered by the Michigan State Housing Development Authority (MSHDA) can claim credits against their tax liability annually for up to 10 years – an important initiative that helps incentivize investments in affordable housing in local communities across the state. This current round of funding will enable the creation or preservation of 683 total rental units. 

“We know that creating affordable housing benefits everyone in the state by stimulating local economic growth, but it also creates opportunities for Michiganders to have equitable access to safe, quality, affordable housing for their families, making for stable and secure living and upward mobility,” said?Chad Benson, MSHDA rental development director.? 

A full list of development projects receiving awards includes:

Michigan’s Statewide Housing Plan  

The Whitmer-Gilchrist Administration has taken a holistic approach to increase housing supply, lower costs, set bold housing goals, and make investments to make homes more comfortable, safe, and energy efficient. Governor Whitmer released Michigan's first Statewide Housing Plan in partnership with the Michigan State Housing Development Authority (MSHDA) to ensure that every Michigander has access to affordable housing that meets their needs. To tackle the state's housing crisis, Governor Whitmer laid out the ambitious goal of creating 75,000 new or rehabilitated housing units within the next five years. Today’s housing legislation will build on the work Governor Whitmer has started to help more families get into a home that meets their budget.