Michigan housing authority offers down payment assistance to first-generation homebuyers
- Tri-City Record
- Mar 27
- 2 min read
The Michigan State Housing Development Authority (MSHDA) has launched the First-Generation Down Payment Assistance program, a pilot initiative designed to help first-generation homebuyers achieve the dream of homeownership. The program, supported with $8 million in state budget appropriations, provides eligible buyers with a $25,000 down payment assistance deferred loan to help cover upfront homebuying costs, including the down payment, closing costs, and prepaid expenses.
