The Michigan State Housing Development Authority (MSHDA) was established in 1966 and is a program designed to provide technical and financial assistance to construct and maintain adequate and safe housing, address homeless issues, bring community members together for economic development, and to create effervescent and interesting communities. MSHDA is financed by taxable bond which are tax-exempt, allowing it to operate efficiently without the use of state revenue. These proceeds are loaned out to rental property developers at below-market interest rates to enhance Michigan communities through the funding for mortgages and home improvement loans. .
On April 10, 2009, Keith Molin, the executive director of MSHDA announced that Michigan’s homeless will be assisted through the organizations Emergency Shelter Grants (ESG) and Rural Homeless Initiative, which have been worked into the 2009 fiscal year. The funds total in $7.8 million, which will be allocated throughout the state. This funding will provide assistance to over 79,000 of Michigan’s homeless.
"This funding is one of the four crucial cornerstones of the work MSHDA does every day in neighborhoods across the state," Molin said. "We are committed to ending homelessness and contributing to those with the most urgent housing needs through programs like these."
The Continuum of Care Plan, a plan that is being implemented through ESG with funding granted to public and non profit groups, will be the employed strategy to address the homeless population's needs throughout the states 83 counties. The RHI is also providing $500,000 in funding for emergency homeless shelters that are being operated in rural areas. The grants provided by RHI are to be used to create safe and properly operating homeless shelters for individuals as well as families.