The Michigan State Housing Development Authority announced the sixth round for the Gap Financing Program NOFA. The Gap Financing Program NOFA is designed to improve MSHDA’s direct-lending production by making available approximately $18 million in gap funding. This funding is being made available exclusively for MSHDA’s Tax Exempt – 4% Low Income Housing Tax Credit direct lending transactions.
Please note that the Updated Gap Financing Program includes a CHDO Set-Aside for the first time.
The first phase of the application is due by the August 1, 2016 funding round deadline.
Questions: Any questions about this notice and update may be directed to:
John Hundt
Housing Development Manager
Rental Development Division
Michigan State Housing Development Authority
735 East Michigan Avenue, PO Box 30044
Lansing, Michigan 48909
517-241-7207 (voice)
