Michigan State Housing Development Authority Announced $2.61 Billion in Annual Housing Investment

The Michigan State Housing Development Authority (MSHDA) announced a historic Fiscal Year 2025, investing a record $2.61 billion in housing statewide and supporting nearly 45,000 low- and moderate-income Michiganders. While helping the greatest number of homebuyers in the agency’s 59-year history, it also celebrated one of the most productive years for creating and preserving multifamily housing. 

In FY 2025, MSHDA produced, preserved, or financed 12,414 housing units. Investments included $2.19 billion for multi- and single-family housing, $287 million in rental assistance, and more than $129 million in community, neighborhood, and homelessness-prevention grants. 

This is the fourth consecutive year of growth in the agency’s housing investment, going from $756 million in 2022, $1.23 billion in 2023, and $2.16 billion in the last fiscal year. 

Find MSHDA’s FY 2025: A Year of Housing Impact summary and more in-depth annual Production Goals Report on the MSHDA website.