Neighborhood Revitalization

Michigan continues to face a significant housing challenge, and tens of thousands of families still lack access to safe and affordable homes, particularly in older cities and small towns where housing stock is aging and underinvested. Many homes built before 1960 require substantial repairs to meet modern standards. At the same time, many existing homes that could support ownership remain vacant or deteriorated because traditional financing does not cover acquisition and rehabilitation costs, reimbursements are slow, and responsibilities are fragmented across multiple actors. Housing affordability pressures further compound this challenge. Rising rents and home prices have outpaced wage growth, leaving many households cost burdened and limiting their ability to save for homeownership. These systemic challenges in Michigan require a capital and logistics platform capable of moving large numbers of scattered, distressed homes through acquisition, rehabilitation, and sale to owner occupants.