logo
Michigan officials unveil new affordable housing program

Michigan officials unveil new affordable housing program

CBS News28-05-2025
The Mackinac Policy Conference continued Wednesday.
The annual gathering on Mackinac Island is where lawmakers and business leaders discuss political and economic issues impacting Michiganders.
The second day of the Mackinac Policy Conference started Wednesday with a topic on everyone's mind: affordable housing. Michigan is partnering with developers to build thousands of new homes over the next 10 years.
"So far, we've approved 19 plans, resulting in 1,600 additional housing units in the state of Michigan. We're super excited for the next 2,500 coming our way, and we're hoping that other developers continue to use the Housing Tax Increment Financing tool," said Amy Hovey, Chief Executive Officer and Executive Director of the Michigan State Housing Development Authority.
Also on Wednesday, Michigan Lt. Gov. Garlin Gilchrist announced up to $110 million in funding to train the state's next generation of infrastructure workers.
"What this means is we are positioning people to have more money in their pockets because they will be more productive in solving the problems and creating and having the jobs and building the things that matter to the people of Michigan," Gilchrist said.
The Michigan Department of Transportation says it's committed to that effort.
"We have about $11 million in project funds that we're going to continue to work with our partners on key recruitment and retention efforts," said MDOT Director Brad Wieferich.
The goal is to have about 5,000 workers trained by January 2030.
"Everybody in Michigan benefits from roads that are safe. Everybody in Michigan benefits from having a connection to fast internet," Gilchrist said. "Everybody in Michigan benefits when they're confident in our bridges, when they know that our drinking water is clean, when we have utility infrastructure that supports our imaginations."
Officials say this investment in Michigan's workforce will build a better future for everyone.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Walmart, Target earnings will reveal how tariffs are shaping US spending
Walmart, Target earnings will reveal how tariffs are shaping US spending

Yahoo

time26 minutes ago

  • Yahoo

Walmart, Target earnings will reveal how tariffs are shaping US spending

Walmart, Target, Home Depot, and Lowe's are all set to report this week, delivering the clearest look yet at how inflation and tariffs are reshaping U.S. consumer behavior — and what that means for the broader economy. Why Q2 is likely to be more revealing than Q1 First-quarter results offered only limited visibility into President Donald Trump's second-term tariff blitz, launched in early April, as many companies were still working through pre-tariff inventory that helped shield margins. This meant the fallout was mostly telegraphed in executive commentary , not evidenced in the numbers. But now that cushion is disappearing. As retailers cycle through higher-cost goods, strike new supplier deals, and get a look at freshly imposed tariff rates, this quarter is likely to reveal just how much power they really have to keep costs down or pass them on. As results filter in throughout the week, Wall Street will also get a glimpse at whether consumers are willing — or able — to foot the bill, as some chains look to pass on the higher prices to Americans across the income spectrum. DIY retailers up first Home Depot and Lowe's will kick things off Tuesday and Wednesday, respectively, with investors watching for signs of a possible rebound after a somewhat disappointing spring . Credit card data shows Home Depot's sales were largely flat year-over-year , while Lowe's eked out modest gains. Both chains are seeing demand skew toward professionals rather than homeowners, as high mortgage rates — still hovering near 7% — freeze the housing market and suppress big-ticket DIY purchases among individual households. Target and Walmart up next Target, reporting Wednesday, is arguably in an even tougher spot. High-income customers are pulling back, store traffic is falling, and margins are under pressure. Last quarter's results missed the mark , and the company is facing growing price sensitivity just as it's being asked to absorb rising costs. Its affluent, discretionary-heavy customer base — a strength in boom times — has more recently become a liability as trade wars, inflation, and recession fears encourage customers to tighten their belts, not open their wallets for impulse purchases. Walmart, for its part, looks to be thriving amidst the chaos. Earnings are due Thursday, and investors expect more gains in grocery and essential items like socks and shampoo, especially as higher-income shoppers trade down amid amid macro uncertainty. Long a deflationary force in U.S. retail, Walmart has recently begun raising prices. This shift is likely to have broad implications because, as the nation's largest retailer, Walmart's moves may give competitors permission to follow suit. Retail stocks' performance largely lags the market While Walmart's stock is up 10% year to date, Target, Home Depot, and Lowe's have not been so fortunate. Shares of Target have fallen some 23% thus far in 2025. Shares of the nation's largest DIY retailers have fared better, even as they've underperformed the broader market, rising around 2%, respectively, against the S&P 500's 10% gains.

MSNBC is changing its name to MS NOW — and losing the iconic peacock logo — in split from NBC
MSNBC is changing its name to MS NOW — and losing the iconic peacock logo — in split from NBC

Yahoo

time26 minutes ago

  • Yahoo

MSNBC is changing its name to MS NOW — and losing the iconic peacock logo — in split from NBC

The new moniker is short for 'My Source News Opinion World.' As part of its long-planned split from NBCUniversal, the MSNBC television network announced Monday that it will change its name to My Source News Opinion World — or MS NOW, for short. The full, unabbreviated name has also been reported as (the slightly more colloquial-sounding) 'My Source for News Opinion and the World.' In addition, MSNBC will get a new American flag logo that does not feature NBC's iconic peacock design. The changes will take effect later this year. 'If there was ever a time for us to change our name, this is it — because we're not just separating from NBC News in corporate terms, we're competing with them now,' star MSNBC anchor Rachel Maddow told Variety by email. 'So I think the distinction is going to be good for us.' After spending billions to acquire NBCUniversal in the early 2010s, the Philadelphia media giant Comcast decided last November to spin off the bulk of the company's cable assets — including MSNBC, CNBC, Universal Kids, USA, E!, Oxygen, Syfy and the Golf Channel — while retaining NBC, NBC News, NBC Sports and Peacock. The move was seen as an effort to please investors by 'uncoupl[ing] reliable growth assets, such as the Peacock streaming service and NBCU's sports properties, from the eroding economics of cable,' Variety reported. Initially, the new company was called SpinCo. In May, it chose the permanent name Versant — as in, conversant — in order to 'emphasize its versatility and its familiarity with multiple subjects,' according to a CNBC interview with CEO Mark Lazarus. In a memo sent to staffers Monday, Lazarus explained that MSNBC had originally planned to keep its current name and logo — until NBCUniversal prevented them from doing so by deciding not to share its peacock design. 'As we all know, the peacock is synonymous with NBCUniversal, and it is a symbol they have decided to keep within the NBCU family,' Lazarus said. 'This gives us the opportunity to chart our own path forward, create distinct brand identities, and establish an independent news organization following the spin.' MSNBC was launched in 1996 as part of a joint venture between NBC News and Microsoft — hence the 'MS' in MSNBC. The name remained intact even after the tech company divested its stake in the channel in 2005, followed by the website in 2012. At first, MSNBC focused on providing rolling news coverage with contributions from local affiliates, but by the late 2000s the network had repositioned itself with liberal, opinion-based programming from commentators such as Keith Olbermann, Chris Matthews and Maddow. Solve the daily Crossword

Newsmax pays $67 million to settle Dominion lawsuit over network's 2020 election lies
Newsmax pays $67 million to settle Dominion lawsuit over network's 2020 election lies

CNN

time29 minutes ago

  • CNN

Newsmax pays $67 million to settle Dominion lawsuit over network's 2020 election lies

US elections Trump legal cases Election security Donald TrumpFacebookTweetLink Follow Egregious lies about the 2020 presidential election are going to cost Newsmax $67 million. To avert a high-stakes trial, the right-wing cable channel has agreed to pay Dominion Voting Systems $27 million this month and another $40 million in the next two years. The settlement deal was struck last week and disclosed in a Newsmax financial filing on Monday. 'We are pleased to have settled this matter,' a Dominion spokesperson told CNN, declining to comment further. There was no indication that Newsmax will offer any on-air apology or acknowledgment of its false claims about Dominion, a voting hardware and software company that became the target of many pro-Trump conspiracy theories about the 2020 presidential election. The lawsuit was filed against Newsmax in August 2021, in the wake of Donald Trump's attempts to overturn his 2020 election defeat. After losing, Trump and his allies, including many Newsmax guests and on-air personalities, spread the baseless lie that the election results were fraudulent. Earlier this year a Delaware judge ruled that Newsmax did air defamatory statements about Dominion by falsely accusing the company of rigging the 2020 election. The judge said it would be up to a jury to decide if the smears were intentional, and if so, how much Dominion deserved in damages. But the expected April trial was postponed by the judge, citing a professional matter unrelated to the case. Then money talked, just as it did when Fox News settled with Dominion on the verge of a similar trial in 2023. Fox agreed to pay $787.5 million, a gobsmacking sum that weighed on Fox Corp's quarterly earnings at the time. There was no immediate indication of how Newsmax and Dominion arrived at the $67 million sum on Monday. Newsmax's TV ratings, however, are roughly one-tenth of Fox's ratings. Nearly five years after the pro-Trump campaign to overturn the results of the 2020 election, some lawsuits by victims of the smears continue to wind their way through the courts. Fox is aggressively fighting a defamation suit by the voting tech company Smartmatic. Newsmax agreed to a $40 million settlement with Smartmatic last fall, on the eve of a trial.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store