Michigan

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

The Michigan State Housing Development Authority (MSHDA) released the preliminary rankings for the Notice of Intent stage of MSHDA’s Gap Financing Program for Round 14.

The Michigan State Housing Development Authority posted the updated LIHTC application and forms for the October 1, 2021 funding round.

The Michigan State Housing Development Authority (MSHDA) is requiring contractors, as well as recipients of federal financial assistance (including subcontractors) to be registered at Sam.gov. Active registration in SAM is required to apply for an award and for HUD/MSHDA to make a payment.

Governor Gretchen Whitmer (D) approved the Michigan State Housing Development Authority’s 2022-2023 QAP. The 2022-2023 Staff Report, QAP, Scoring Summary and approval letter from the Governor can be found on the “Qualified Allocation Plan” page of the MSHDA web site: https://www.michigan.gov/mshda/0,4641,7-141-5587_5601-31750–,00.html.

The Michigan State Housing Development Authority (MSHDA) opened the 14th round for the Gap Financing Program – Notice of Funding Availability (NOFA). This program is designed to improve MSHDA’s direct-lending production, achieve deeper income targeting and to assist with being able to finance tax-exempt bond transactions utilizing the four percent LIHTC. 

The Michigan State Housing Development Authority’s (MSHDA) board of directors approved a Pass-Through Bond Program. $100 million of MSHDA’s bond authority will be devoted to the program. Applications that are currently in the expiring July 2020 Pass-Through Bond Program pipeline, but have not yet been approved for inducement, will automatically be considered in this July 2021 Pass-Through Bond Program. The Program Bond Cap may be reduced or increased by the MSHDA subject to having sufficient volume cap for its direct lending multifamily program and single-family programs.

The Michigan State Housing Development Authority posted the Reservations for the February 1, 2021 LIHTC Funding Round.

The Michigan State Housing Development Authority (MSHDA) has issued it’s 14th round for the Gap Financing Program – Notice of Funding Availability (NOFA). This Program is designed to improve MSHDA’s direct-lending production, achieve deeper income targeting and to assist with being able to finance tax-exempt bond transactions utilizing the four percent LIHTC. 

Olympia Development of Michigan, Cinnaire Solutions and the Detroit Public Schools Community District recently partnered with Project Destined to offer a real estate internship program for underserved youth in the city of Detroit. 

Michigan’s State Historic Preservation Office (SHPO) released draft rules for the state historic tax credit program. Comments may be submitted to the SHPO in writing via U.S. Mail to 300 North Washington Square, Lansing MI 48913 or emailed to preservation@michigan.gov.

Woda Cooper Companies announced it held a grand opening and ribbon-cutting to celebrate the new $14 million Osborn Commons in downtown Sault Ste. Marie, MI. The mixed-income, mixed-use community is located at 215 Governor Osborn Boulevard in the city’s Moloney Alley redevelopment area, targeted in a statewide placemaking initiative by the Michigan Municipal League and Michigan State Housing Development Authority . The City of Sault Ste. Marie provided critical support including a Payment in Lieu of Taxes (PILOT), Woda said. 

The Michigan State Housing Authority (MSHDA) is accepting funding submissions for its Mod 2021 Program to utilize modular products in critical need areas where workforce housing is not currently available.