To help address the potential timing concerns, Michigan State Housing Development Authority (MSHDA) is postponing the April 1, 2020 LIHTC Funding Round due date until May 1, 2020. All LIHTC applications that were originally planned to be submitted for the April 1, 2020 Funding Round will now be due no later than 5 p.m. May 1, 2020. Application documentation that is dated after April 1, 2020 and no later than May 1, 2020 will be accepted.
Additionally, much of the documentation that is required to be submitted with the LIHTC application is date sensitive. In order to prevent this postponement from causing additional timing concerns and burdens for applicants, MSHDA will continue to consider April 1, 2020 as the reference date for date sensitive documentation. For example, documentation that is required to be dated within 30 days of the application due date will continue to be considered acceptable if it is dated within 30 days of April 1, 2020. This will also apply to documentation that must be dated within 180-days and one year of the application due date. Additionally, in order to meet threshold requirements, site control will continue to be required to be in place for at least 120 days from April 1, 2020. However, applicants should ensure that they have sufficient site control to address the fact that awards will now be announced in July/August rather than in June/July as was previously planned. Interested parties with questions should contact Chad Benson at [email protected].
