MI Neighborhood Program
This funding opportunity provides financial support for nonprofit organizations, local governments, and experienced developers to improve public amenities and housing in downtown areas of Michigan, enhancing community living standards.
The MI Neighborhood Program, administered by the Michigan State Housing Development Authority (MSHDA), allocates $60 million in funding for FY24 to support public amenities, rehabilitation, and new housing units. This initiative aligns with regional action plans and the Statewide Housing Plan to enhance community living standards through targeted investments. The program provides varying award sizes based on applicant experience, from $200,000 for beginners to $2 million for advanced applicants. Projects must be located in downtown or adjacent areas, promoting health, safety, and quality of life improvements. Eligible applicants include nonprofit organizations, units of local government, and for-profit developers (except for public amenities). Applications are due by 5 p.m. ET on the last date of the round and will be batched as a group for scoring purposes. Any applications received after that time, will be included in the next funding round. Please check website specification
Award Range
$200,000 - $2,000,000
Total Program Funding
$60,000,000
Number of Awards
Not specified
Matching Requirement
Yes - 1:1 leverage required for requests over $400,000
Additional Details
Up to 18% of administration funds based on documented expenditures. Requests over $400,000 require a 1:1 leverage. Payments are made on a reimbursement basis, with a 25% advance available under certain conditions. Final 10% of the grant is withheld until all reporting is complete.
Eligible Applicants
Additional Requirements
Nonprofits must service the proposed community within Michigan and have at least one full-time employee. For-profit developers must meet MSHDA's Limited Dividend Housing Association parameters.
Geographic Eligibility
All
Application Opens
July 16, 2024
Application Closes
Not specified
Grantor
Michigan State Housing Development Authority (MSHDA)
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