346 of 1966, as amended, and Section 8 of the U-2025

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History. MSHDA was created as a result of the State Housing Development Authority Act of 1966 (Act 346 of 1966). The purpose of this act was to establish funds in housing development, land acquisition and development, rehabilitation, conversion inium fund, and to provide for the expenditure of certain funds.
Amy Hovey, Chief Executive Officer and Executive Director Amy Hovey is the first woman to serve as Executive Director CEO of the Michigan State Housing Development Authority in the agencys 58-year history.
AN ACT to create a state housing development authority; to define the powers and duties of the authority; to establish a housing development revolving fund; to establish a land acquisition and development fund; to establish a rehabilitation fund; to establish a conversion inium fund; to create certain other funds
Hardest Hit Fund (HHF) - SFM The Step Forward Michigan Program was established by the MHA to work directly with Michigan homeowners to help them stay in their home. The program provides up to a $30,000 interest free loan to assist with mortgage, property taxes, and/or inium association fees.
History. The law establishing the FHFA is the Federal Housing Finance Regulatory Reform Act of 2008, which is Division A of the larger Housing and Economic Recovery Act of 2008, Public Law 110-289, signed on July 30, 2008 by President George W. Bush.

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MSHDAs 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.

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