Michigan

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 [email protected].

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.

The Michigan State Housing Development Authority (MSHDA) posted its draft 2022-2023 QAP for review. Written comments can be sent to Carol Thompson by 5 p.m. ET on May 6, 2021.

Michigan State Housing Development Authority will hold three virtual hearings to take comments on the Draft 2022-2023 QAP from 1 to 3 p.m. ET on May 3, 5 and 6.

The Michigan State Housing Development Authority (MSHDA) corrected the preliminary rankings for the Notice of Intent stage of its HOME/Tax Credit Assistance Program (TCAP) Gap Financing Program for Round 13. Almost $49 million in gap funding was requested from 28 proposals submitted.

Michigan State Housing Development Authority (MSHDA) released the form necessary to request an electronic application submission for the upcoming February 1, 2021 LIHTC Funding Round. In order to electronically submit an application package for MSHDA LIHTC Program you must first complete the requested information at the link above. Upon hitting “Submit,” a file will be […]

Michigan State Housing Development Authority released the Notice of Funding Round, Application Updates Memo and updated 2021 LIHTC application. Updated documents include: Cover, Contents and Instructions document; Addendum I; 2021 Scoring Criteria (changed MS Excel workbook passwords/formatting, no other changes); Tab N; and Tab W.