State Housing Development Authority.
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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\\u2019s housing bank basically we are part of state government but we\\u2019re a little bit different because we can provide loans to individuals. The Constitution says the state of Michigan can\\u2019t do that. We have a particular charter that allows us to act as the state\\u2019s 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\\u2019ll 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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