The Michigan State Housing Development Authority (MSHDA) Program is a state-backed initiative designed to make homeownership more affordable for Michigan residents. Through its Down Payment Assistance (DPA) Program, MSHDA helps qualified first-time and repeat homebuyers cover part of their upfront costs when purchasing a home. Eligible buyers can receive up to $10,000 in down payment assistance on homes that meet MSHDA’s purchase price limits, making it easier to secure financing and move into a new property.

The MSHDA Program is especially valuable for low- to moderate-income buyers across Michigan who are ready to achieve the dream of homeownership but may struggle with saving for closing costs. By lowering the biggest barrier— the down payment—MSHDA gives buyers the opportunity to own a home sooner while keeping monthly mortgage payments affordable. With this program, prospective homeowners can take a significant step toward financial stability and personal investment, ensuring a brighter future for themselves and their families.