E-Notes from HUD's Detroit Field Office
January 23, 2004
U.S. Department of Housing & Urban Development
Toni D. Schmiegelow, Field Office Director
On December 15, 2003, President Bush nominated Alphonso Jackson to become the 13th Secretary of the Department of Housing and Urban Development. As HUD's Deputy Secretary for nearly three years, Jackson will continue the Administration's housing and community development agenda begun under former Secretary Mel Martinez.
Effective January 1, 2004, FHA will insure single-family home mortgages up to $160,176 in low cost areas and up to $290,319 in high cost areas. The FHA maximum mortgage limit in Lenawee, Livingston, Macomb, Monroe, Oakland, St. Clair, Washtenaw and Wayne counties is $226,100.
The American Dream Down payment Act was signed into law in December by President Bush. Nationally, the $200 million program will help an estimated 40,000 low-income families to become homeowners by assisting them with the upfront costs necessary to buy a home. The American Dream Down payment Act will be administered under HUD's HOME Investment Partnerships Program (HOME).
Recently Awarded HUD Grants for Michigan
The State of Michigan received a record $46.5 million in Continuum of Care and Emergency Shelter Grants to assist homeless families and individuals. Never before has any federal agency awarded so much financial assistance to help the homeless. HUD's grants include a record funding to the City of Detroit CoC - $14,118,997; Out-Wayne County CoC - $2,964,420; Pontiac/Oakland County CoC - $3,252,600 and Ann Arbor/Washtenaw County CoC - $3,759,505. Other area recipients include Lenawee County CoC - $86,511; Monroe County CoC - $220,251 and Livingston County CoC - $182,275. ESG recipients include: Dearborn - $92,143; Detroit - $1,699,334; Oakland County - $143,282; Wayne County - $242,522; Grand Rapids - $173,496; Lansing - $92,875; Michigan State Program - $2,873,606; Saginaw - $111,640; Flint - $192,920 and Genesee County - $84,572.
Young Detroit Builders of Detroit will receive a Youthbuild Program grant of $700,000 to assist 70 young men and women to receive high school equivalency diplomas and provide training in homebuilding skills that will qualify them for careers in the building industry.
The Melvindale Housing Commission was awarded a ROSS grant in the amount of $100,000 to provide support services to elderly and persons with disabilities who live in public housing.
Service Coordinator Grants were awarded to owners of six Southeast Michigan private housing developments that receive money from HUD to house low-income individuals to hire or contract service coordinators with backgrounds in providing social services, especially to the frail elderly and people with disabilities, to assist their residents with special needs. Cranbrook Tower, Ann Arbor-$388,652; Parkway Meadows, Ann Arbor- $388,652; Fraser Woods, Fraser-$388,652; Bella Vista Glen, Highland Park-$305,012; Walled Lake Villa, Walled Lake-$305,012; Greenwood Villa, Westland-$388,652.
HUD's Secretary-Held Mortgage servicing contractor, First Madison
Services, Inc. has moved. Their new address is: U.S. Department
of HUD c/o First Madison Services, Inc., 4111 S. Darlington, Suite
300, Tulsa, OK 74135. First Madison Services, Inc. services all
remaining mortgages assigned to HUD under the former Assignment
program, all partial Claims subordinate mortgages, all OND/TND second
mortgages, all assigned HECM first mortgages and Secretary-Held
HECM subordinate mortgages, and the processing of all HECM assignment
State Housing Development Authority (MSHDA) announced that a 472-unit
elderly rental development would be rehabilitated with the help
of a mortgage loan of up to $16,500,000. River Towers will be located
on Jefferson Avenue in the City of Detroit. All of the units will
be targeted to households with incomes at or below 60 percent of
area median income. This investment will create nearly 242 full-time
yearlong jobs in construction and related trades.
Note of These Dates
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