$223 Million Michigan NSP2 Consortium
Capital Access developed the vision, strategy, and implementation systems for the $223,875,399 Michigan Neighborhood Stabilization Program 2 Consortium, the largest award in a $2 billion HUD national competition. The Consortium includes the Michigan State Housing Development Authority, 8 cities, and 12 land banks operating in distressed cities in Michigan. As Implementation Management Consultants, Capital Access deployed 26 staff to serve as project and grants managers.
We fostered relationships among cities in financial distress and emerging land banks, some of whom at first struggled to trust each other. We helped communities develop investment strategies and abide by rigorous compliance standards, which produced 3,600 demolitions, 1,000 new or rehabilitated housing units and 1,000 land-banked parcels for strategic redevelopments. In 2013, MI NSP2 Consortium won the President’s Award for Innovation from the Council of State Community Development Agencies.