MSHDA Offers Low-cost Loans for Home Improvements

Income eligible homeowners with no equity may borrow up to $25,000 from the Michigan State Housing Development Authority (MSHDA) to make energy-efficiency improvements to their home. With equity, homeowners can borrow up to $50,000. “Making simple improvements like increasing insulation or replacing an inefficient furnace or old windows can reduce your energy costs by up to 50 percent,” said MSHDA Executive Director Keith Molin. There...