Michigan State Housing Development Authority

What Michigan State Housing Development Authority does

Michigan State Housing Development Authority (MSHDA) is a Michigan state government housing finance agency, established in 1966 and headquartered in Lansing, operating as a bureau under the Michigan Department of Labor and Economic Opportunity (LEO). The agency administers a portfolio of housing and community development programs, including down payment assistance, MI Home Loan mortgage products, home improvement loans, rental housing programs, the Employer Assisted Housing initiative, and Brownfield Redevelopment Grants. Its mission centers on expanding affordable and workforce housing access across the state while supporting community redevelopment of contaminated and underutilized industrial sites.

MSHDA delivers its services through public-private partnerships with developers, employers, nonprofits, and other state agencies (notably EGLE on brownfield redevelopment). Recent activity includes a $2 million grant to Bogan Developments to build 20 workforce housing units for Bronson Healthcare employees in Kalamazoo (January 2026), support for Gracious Grounds' $18.5 million, 77-unit Ability Way independent living community for adults with intellectual disabilities in Grand Haven, and brownfield initiatives such as Uptown at River's Edge in Bay City that have attracted over $150 million in private investment and supported more than 700 jobs. Customer segments span essential workers, employer-tied workforce housing, people with disabilities, and Michigan communities pursuing brownfield redevelopment.

As a state agency, MSHDA's revenue mechanics rely on state appropriations, bond issuance, and federal allocations rather than commercial pricing; specific program pricing is not publicly disclosed. Leadership is led by CEO and Executive Director Amy Hovey, with a staff of 51-100 employees. The agency has no disclosed technology products, no app presence, no API, no AI/ML capabilities, and no patents or trademarks; its value is operational and capital deployment rather than technology-led.

Name

Michigan State Housing Development Authority

Legal name

Michigan State Housing Development Authority

Website

https://michigan.gov

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

51–100 employees

Short description

Michigan's state housing development authority providing affordable housing financing, workforce and disability housing grants, and brownfield redevelopment support through public-private partnerships across the state.

Ownership category

akta.pro rank

Product category

Public Housing Finance

NAICS

Administration of Housing Programs (92511), Administration of Urban Planning and Community and Rural Development (92512)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

National Housing Finance Agencies & Ministries (FSALAKAB)

akta.pro secondary industries

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Affordable housing finance
• State housing programs
• Homebuyer loan programs
• Workforce housing grants
• Community redevelopment funding

Headquarters

HQ city

Lansing

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D

Core offering

MSHDA administers statewide housing finance and development programs for the State of Michigan. Its core offerings include the MI Home Loan, down payment assistance, home improvement loans, rental housing programs, the Employer Assisted Housing initiative, Brownfield Redevelopment Grants, and the Recovery Housing Investment Program. The authority channels public and private capital to support affordable homeownership, workforce housing, supportive housing, and the redevelopment of contaminated sites into housing, businesses, and public spaces.

Product overview

Michigan State Housing Development Authority (MSHDA) offers housing assistance programs primarily focused on workforce housing and community development. The authority operates programs including the Employer Assisted Housing program and Brownfield Redevelopment Grants to support housing access and community revitalization across Michigan. MSHDA functions as a state housing agency providing financial assistance and grants rather than a technology product company.

Differentiator

Problem solved

Functional benefit

Products and services

• Employer Assisted Housing Program

Quantifiable outcome

• Over $150 million in private investment attracted to Bay City brownfield redevelopment
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Michigan Department of Environment, Great Lakes & Energy (EGLE)coreStrategic or Co-development PartnerMSHDA collaborates with EGLE on brownfield redevelopment initiatives. Projects like Uptown at River's Edge in Bay City received support through EGLE Brownfield Redevelopment Grants. The partnership aims to transform contaminated industrial sites into housing, businesses, and public spaces.
• Bogan DevelopmentsminorImplementation/ SI/ Consulting PartnerDeveloper receiving $2 million MSHDA grant through the Employer Assisted Housing program for construction of workforce housing units at 'B on Burdick' apartment complex in Kalamazoo.
• Gracious GroundsminorStrategic or Co-development PartnerNonprofit organization receiving support for building Ability Way, an $18.5 million, 77-unit independent living community for adults with intellectual disabilities in Grand Haven, Michigan.
• Department of Labor and Economic Opportunity (LEO)coreStrategic or Co-development PartnerMSHDA is a bureau/agency under the Michigan Department of Labor and Economic Opportunity, which provides oversight, administrative support, and coordinates state-level economic and workforce development initiatives.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• California Housing Finance Agency (CalHFA): California's state housing finance agency offering down payment assistance, mortgage programs, and multifamily development financing. Directly comparable as a peer state-level HFAs administering similar affordable housing tools across homeownership, rental, and workforce segments.
• New York State Homes and Community Renewal: New York's housing and community renewal agency financing affordable housing development, administering tax credits, and providing homeowner subsidies. Closely parallel to MSHDA in mandate, program breadth, and state-agency structure.
• Florida Housing Finance Corporation: Florida's housing finance corporation administering affordable multifamily financing, homebuyer assistance, and special-needs housing programs. Directly comparable state-level housing finance entity serving a similarly broad population base.
• Pennsylvania Housing Finance Agency (PHFA): Pennsylvania's state housing finance agency providing homebuyer assistance, multifamily development loans, and foreclosure prevention. Closely aligned with MSHDA in scale, program mix, and mid-sized industrial-state context.
• Ohio Housing Finance Agency: Ohio's state housing finance agency administering down payment assistance, mortgage revenue bonds, and affordable rental financing. Comparable in midwestern industrial-state context and program portfolio to MSHDA.
• Illinois Housing Development Authority: Illinois' housing development authority financing affordable multifamily and single-family housing, administering federal LIHTC, and supporting community development — a Midwest peer with overlapping homeownership and rental programs.
• Texas Department of Housing and Community Affairs: Texas's housing and community affairs agency administering homebuyer programs, multifamily financing, and community development block grants. Comparable as a large-state housing finance and community development authority.
• Minnesota Housing: Minnesota's state housing finance agency providing homebuyer loans, rental financing, and homeless-response programs. A Midwest peer of similar scale and program mix to MSHDA.
• Massachusetts Housing Partnership: Massachusetts' quasi-public state housing finance entity providing affordable rental financing, homebuyer education, and community development lending. Comparable as a state-mandated affordable housing financier.

Broad incumbents

• Fannie Mae: Federal government-sponsored enterprise providing liquidity to the U.S. mortgage market, including affordable and workforce housing. A broader incumbent whose secondary-market activities complement and supersede state HFA mortgage programs like MSHDA's MI Home Loan.

Market position

Weaknesses4 records

Competitive moat3 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mshda

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Michigan State Housing Development Authority