Michigan

The Draft 2011 Qualified Allocation Plan and related documents have been posted to the MSHDA web site. MSHDA will hold three Public Hearings on May 18, 2010 to take comments on the Draft 2011 Qualified Allocation Plan.

The Michigan State Housing Development Authority (MSHDA)will hold an Informational Hearing on April 21, 2010 to take comments and suggestions for modifications to the QAP for 2011.

NH&RA announced today that a rare assemblage of five state allocators from adjoining Midwestern states will be a highlight of the Annual Meeting of the National Council of Affordable Housing Market Analysts (NCAHMA) at Chicago’s Doubletree Hotel on November 9 and 10.

The Michigan State Housing Development Authority has made several announcements pertaining to affordable housing developers.

U.S. Department of Housing and Urban Development Secretary Shaun Donovan yesterday announced that HUD has approved requests from 26 states for over $1 billion in funding through the Tax Credit Assistance Program (TCAP), provided by the American Recovery and Reinvestment Act of 2009 (ARRA).

Michigan State Housing Development Authority has issued a number of updates pertaining to the tax credit program:

The Michigan State Housing Development Authority has released a notice of guidance and application for its 9% low-income housing tax credit exchange program, provided for by the American Recovery and Reinvestment Act of 2009.

The U.S. Department of the Treasury recently announced more than $330 million in funding to assist troubled affordable housing developments in Kansas, Michigan, Ohio, Wisconsin, and Puerto Rico through the Tax Credit Exchange Program, provided under the American Recovery and Reinvestment Act (ARRA).

NH&RA will continue to update the ARRA resource page below as information is made available.

Michigan State Housing Development Authority has posted a Questions and Answers Section on the the ARRA portion of the Authority’s website.

Michigan State Housing Development Authority has updated its 9% tax credit application materials publishing a new Tab NN in the Combined Application that should be used by ALL applicants seeking 9% LIHTC awards in May of 2009.

The Michigan State Housing Development Authority has published a draft implementation plan for the new low-income housing tax credit exchange program and gap financing program (Tax Credit Assistance Program) established by the American Recovery and Reinvestment Act (ARRA).