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State Housing Development Authority.
Manage episode 163938274 series 1095370
This week I talk with Kevin Elsenheimer, the executive director of Michigan State Housing Development Authority.
http://www.michigan.gov/ownmihome
Dave: Kevin thank you for being here I wanted to let people know a little bit about MSHDA and what is MSHDA. What function is it serving here in Michigan?
Kevin: MSHDA is the state’s housing bank basically we are part of state government but we’re a little bit different because we can provide loans to individuals. The Constitution says the state of Michigan can’t do that. We have a particular charter that allows us to act as the state’s bank and we do several different things for example; we do multifamily development and lending for low-income housing projects around the state but we also have a very robust single-family loan program where we’ll go out and buy mortgages from banks credit unions around the state that we have clients that will be interested in our products.
97 afleveringen
Manage episode 163938274 series 1095370
This week I talk with Kevin Elsenheimer, the executive director of Michigan State Housing Development Authority.
http://www.michigan.gov/ownmihome
Dave: Kevin thank you for being here I wanted to let people know a little bit about MSHDA and what is MSHDA. What function is it serving here in Michigan?
Kevin: MSHDA is the state’s housing bank basically we are part of state government but we’re a little bit different because we can provide loans to individuals. The Constitution says the state of Michigan can’t do that. We have a particular charter that allows us to act as the state’s bank and we do several different things for example; we do multifamily development and lending for low-income housing projects around the state but we also have a very robust single-family loan program where we’ll go out and buy mortgages from banks credit unions around the state that we have clients that will be interested in our products.
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