Making the Case for the MHCDF
04.11.07 //
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When the Living in Michigan campaign
updated their website a little over a week ago,
they added quite a bit of information about
affordable housing for folks who may still be
unfamiliar with the issue.
While most of us in the affordable housing industry already have a good sense of why our work is important, we still need to be familiar with these talking points so we can make the case –– to our family, friends, co-workers, and legislators –– that now is the time to invest in the Michigan Housing and Community Development Fund:
While most of us in the affordable housing industry already have a good sense of why our work is important, we still need to be familiar with these talking points so we can make the case –– to our family, friends, co-workers, and legislators –– that now is the time to invest in the Michigan Housing and Community Development Fund:
- According to Governing Magazine:
Michigan is ranked 48th in the
country on a per capita basis for its state revenue
support of affordable housing.
- As this issue is now on the table for Michigan,
38 states have already decided to help
address their critical housing needs by
establishing housing trust funds.
- Michigan is not attracting businesses
because we are not providing them with the real
incentive to which they will respond
— to be a partner with a vibrant, creative
state with momentum.
- The Housing and Community Development Fund
would leverage additional funding
from public and private sources. It is estimated
that housing projects will have a 1:3 ratio and
community development projects a 1:2 ratio.
- Thus, a $100 million program
(80% for housing/20% for community development)
will leverage an additional investment of
$280 million, create over 6,000 good paying jobs
and generate approximately $21 million in state and
local taxes!
- If Michigan's economy is to experience true
transformation, there must be a connection
between the creation of jobs and the availability
of safe, high quality, affordably priced
housing.
- In Michigan, data shows that 36% of our
homeless families are working. Families
with a single female as the head of household
comprise 59% of those families. And sadly,
56% of homeless persons in families were
children — most under the age of 10.
- If we do not make affordable housing available to these children and families, there is a greater likelihood that they will remain homeless as adults. If we do not choose to make affordable housing available to these children and families, the future cost to support them through public services will be devastating - placing a burden on Michigan’s taxpayers that will increase each year.
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