Thursday, March 25, 2010

MSHDA: Michigan's Fannie Mae?

MSHDA: Michigan's Fannie Mae? [Mackinac Center]
"The state housing authority that one developer called the backbone for development and economic activity in Michigan is another victim of the collapse of the housing market.
The Michigan State Housing Development Authority's financial reports show it is in danger of losing money for the first time since the mid-1960s when it was created."

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