Michigan
“Michigan Issues Multiple Tax Credit Updates”
Michigan State Housing Development Authority has issued a number of updates pertaining to the tax credit program:
Michigan Releases Overview, Application for Exchange 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.
HUD, Treasury Announce First Wave of Recovery Act Funding
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).
States’ ARRA Resource Page
NH&RA will continue to update the ARRA resource page below as information is made available.
Michigan Posts ARRA Q&A Section On Website
Michigan State Housing Development Authority has posted a Questions and Answers Section on the the ARRA portion of the Authority’s website.
Michigan Updates LIHTC Application Materials For TCAP
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.
Michigan Publishes Preliminary ARRA Implementation Plan, Schedules Public Hearing
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).
Michigan Issues Draft 2009 QAP
The Michigan State Housing Development Authority has published its draft 2009 qualified allocation plan for its low-income housing tax credit program.