06/09/2026
MSHDA has launched a new Community Land Trust (CLT) Loan Program, expanding access to the MI Home Loan and $10,000 Down Payment Assistance (DPA) Program to CLT homebuyers!
https://www.michigan.gov/mshda/pathway-to-housing/mi-home-loan
After years of partnership, advocacy, and persistence, this new loan program marks a major milestone in MSHDA’s support of Community Land Trusts and the expansion of permanently affordable homes throughout Michigan.
Key program highlights include:
Eligible CLT Properties
Homes must be located within an approved CLT, including CLTs on the Fannie Mae/Freddie Mac shared equity approval list or CLTs participating in certain MSHDA programs and listed on MSHDA’s approved CLT list.
Lender Participation
Lenders completing MSHDA CLT loans must have CLT experience and/or approval from the applicable CLT, along with completion of required CLT training.
CLT-Specific Requirements
Qualifying CLTs must be either on the shared equity Fannie Mae/Freddie Mac approval list OR participating in MSHDA funded development program (Missing Middle, MI Neighborhood, etc.).
We encourage CLTs and lenders interested in participating to review the full MSHDA CLT Program Fact Sheet and begin conversations about lender readiness, approved CLT status, and transaction coordination.
This is an exciting opportunity to strengthen Michigan’s shared equity homeownership ecosystem and expand access to sustainable, affordable homeownership for our neighbors! We look forward to working with CLTs and lenders across the State on this new program.
The MI Home Loan program is a mortgage product that is available to first-time homebuyers state-wide and repeat homebuyers in targeted areas. All homebuyers work directly with a participating lender.
