Michigan State Housing Development Authority (MSHDA) CEO and Executive Director Amy Hovey joined Governor Gretchen Whitmer to celebrate a major milestone: reaching the governor’s initial five-year housing goal of adding 75,000 new or rehabilitated units more than a year ahead of schedule.
In September 2021 as part of her bold MI New Economy Plan, Gov. Whitmer set a five-year goal of 75,000 housing units. Later, in May 2024, touting the state’s historic progress toward meeting its housing goals, she raised the target by 53%, to 115,000. MSHDA is continuing to track progress toward this goal, compiling monthly Census Bureau reports that track all private-sector residential construction permits.
MSHDA has invested historic sums into the production, preservation, and purchase of affordable homes over the last three years. In 2022, $756 million was invested across all MSHDA programs. In 2023, that number reached $1.23 billion, and in 2024, $2.16 billion. All of this has contributed to the state reaching its initial five-year housing goal over a year ahead of schedule.
