MSHDA (Michigan State Housing Development Authority) has officially kicked off the First TIme Home Buyers Assistance program here in Michigan.
$15 million has been allocated to assist first time homebuyer with purchasing a principle residence. First time homebuyers are defined as persons that have not owned a home as their principle residence for three years prior to the date of purchase. Non military homebuyers are eligible for grants up to $3,000 and active duty military and veterans are eligible for grants up to $5,000. Neither grant can exceed 25% of the purchase price. You can read more about it at the MSHDA web site where forms can also be found.
http://www.mich.gov/mshda
