Advocacy News – Feb. 25, 2025
What’s new: A $10 million employer-assisted housing fund, aimed at closing the gap between housing units available for employee workforces is now accepting applications. Employers must contribute funds for matching in the form of cash investments, land donation, a below-market interest loan or some combination thereof to be considered. The framework for the fund is based on a public-private partnerships, with the state matching employer contributions to their employees’ housing.
Why it matters: Research shows that there is a significant gap in housing at all price points, and we are struggling to provide options for households earning up to 120% of area median incomes. This effort creates solutions to address this need and will have an impact across the housing spectrum.
Our thoughts: The MI Chamber has been a leader in advocating for increased market-based solutions to increase housing supply where it is needed most and stressing that housing access must keep up with job growth for employers to attract and retain talent in Michigan.
Go deeper: More details, and how to apply for the fund, can be found on the Employer-Assisted Housing page on MSHDA’s website.