Housing Assistance Available

More than 1 million Michigan homeowners could qualify for down payment assistance of up to $7,500 toward the purchase of a new or existing home through a new program launched by the Michigan State Housing Development Authority. MSHDA Executive Director Scott Woosley says the MI Next Home program targets existing homebuyers statewide who are looking to make their next move. Assistance is based on income limits that vary by county but generally range from $70,000-plus for a household of one or two people to just under $100,000 for households of three or more. They will be eligible to receive up to $7,500 in down payment assistance. The program expands MSHDA’s popular MI First Home program for first-time buyers to include repeat purchasers of new or existing single-family homes.