Michigan

MSHDA will hold an Information Hearing on October 30, 2015 to take comments and suggestions for modifications to the QAP for 2017-2018.

The Internal Revenue Service divided $2.59 million in unused Low Income Housing Tax Credits from calendar year 2015 among 30 states.

Thanks to the support of the Wege Foundation, GreenHome Institute is offering a free, comprehensive program for non-profit affordable housing developers who are interested in developing green, LEED certified homes.

An updated version of the LIHTC Program Application, which should be used for application submission in the October 1, 2015 funding round, has been posted to the MSHDA website. The update made the following adjustments:

The Michigan State Housing Development Authority announced that the first competitive funding round for 2016 Low Income Housing Tax Credit will have an application submission deadline of 5:00 p.m., October 1, 2015.

Woda Group, Inc. plans to build Grand View Place, a 68-unit affordable housing development, using Low-Income Housing Tax Credits from the Michigan State Housing Development Authority.

Michigan State Housing Development Authority will host the 2015 Asset Management Conference on September 9, 2015 in Lansing, MI. It will release more details about the event in July.

Michigan State Housing Development Authority and Department of Health and Human Services will roll out a new project based rental assistance program to house extremely low-income persons with disabilities.

The Michigan State Housing Development Authority (MSHDA) announced the fifth 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.

The Michigan State Housing Development Authority (MSHDA) announced the fifth 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 […]

Michigan State Housing Development Authority released a Notification of Funding Round for April 1, 2015 and a memo regarding LIHTC Program Updates & Credit Availability. They are available on the 2015 Funding Round Information page of the MSHDA web site.

The Michigan State Housing Development Authority has made two changes to the updated parameters that were posted on October 17, 2014.  The changes are as follows: Added a long practiced, but previously unwritten underwriting assumption to the LIHTC/Tax-Exempt Bond or Taxable Bond Rent Restrictions section for all new construction or vacant acquisition rehab transactions. This […]