HOUGHTON – An Aug. 22 release from the Michigan State Housing Development Authority (MSHDA) announced its board recently approved the Michigan Housing Accelerator Fund, a new resource to expand affordable housing through investment in the development of mixed-income units.

According to the release, the funding program will provide financing options to assist in the development of mixed-income projects by bridging financing gaps through a combination of Authority funding sources that provide lower costs of capital and require a commitment to affordability.

Through this new tool, it goes on to say, more affordable housing units will be produced in addition to units already being created or preserved annually through Low-

Income Housing Tax Credits and other existing affordable housing res

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