$8M in Funding Available to Michigan Downtowns for Improvement Projects in 2007
In 2006, MSHDA $5.4 million in grants for improvements in downtowns across Michigan leveraged $13.9 million in additional investment and over 142 full time jobs. This year the grant monies available in the form of Community Development Block Grants are increased to $8 million with the expectation that it will spur even more investment and jobs.
According to excerpts from the story:
Lansing, Mich,.–Governor Jennifer M. Granholm today announced that approximately $8 million in federal Community Development Block Grants (CDBG) funding is available to Michigan downtowns throughout the state.
The funding, made available through the Michigan State Housing Development Authority and administered by MSHDA’s CATeam, will be used for downtown improvement projects designed to finanacially assist communities that have targeted key downtown properties in need of exterior improvements.
Read the complete story here.
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