A Notice of Funding Availability (NOFA) has been released for Michigan State Housing Development Authority’s ninth round of the Gap Financing Program.
The Gap Financing Program NOFA is designed to improve MSHDA’s direct-lending production and to assist with being able to finance tax-exempt bond transactions utilizing the 4% Low Income Housing Tax Credit.
The ninth round will begin August 15, 2018. It is anticipated the funding rounds will be held in February and August of each year. This funding is being made available exclusively for MSHDA’s Tax Exempt – 4% Low Income Housing Tax Credit direct lending transactions.
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
hundtj1@michigan.gov
517-241-7207 (voice)
