Michigan

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

The Internal Revenue Service (IRS) published Revenue Service 2011-57 which dictates the amounts of unused housing credit carryover allowances allocated to qualified states. Nearly $3.66 million of unused credits were divided among the states in the National Pool.

The Michigan State Housing Development Authority (MSHDA) has announced it has reinstated deadline extension fees for LIHTC applications, effective immediately.

Two years of hearing “no” from prospective equity providers would be enough to make most people and organizations give up on a project. But for Joe Heaphy and the Detroit nonprofit he works for, the rejections almost became a personal challenge.

Michigan Governor Rick Snyder recently made a proposal to replace the Michigan Business Tax with a flat rate corporate income tax, and, as part of the package, the proposal eliminates the state’s historic preservation tax credit. 

The Michigan State Housing Development Authority has posted its Draft 2012 Qualified Allocation Plan and related documents to its web site. MSHDA will hold three Public Hearings on May 31, 2011 to take comments on the Draft 2012 Qualified Allocation Plan.

Michigan Governor Rick Snyder last week revealed his executive budget for fiscal years 2012 and 2013, in which he proposes eliminate virtually all state tax credit programs.

The Census Bureau and HUD have released new housing data files for the following Metro Areas.

Client seeking qualified consultants to respond to an RFP to prepare a market analysis/feasibility study in a neighborhood in North Detroit.

MCAAA and CLEAResult are happy to announce that applications are now being accepted for the Michigan Multi-Family Weatherization Assistance Program (WAP). The weatherization program is federally funded by the Department of Energy through the Michigan Department of Human Services.

The Michigan State Housing Development Authority (MSHDA) executive director, Keith Molin, has announced that he will step away from the day-to-day responsibilities of managing the agency to facilitate the transition to a new director this fall.

The Michigan State Housing Development Authority (MSHDA) has released its draft Utility Allowance (UA) Policy for Low-Income Housing Tax Credit Projects.

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.