Michigan

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

Woda Cooper Companies recently completed a $3.2 million rehabilitation of the 24 units at Maple Hill Apartments in Cadillac, MI. The substantial rehabilitation included new kitchens with ENERGY STAR appliances, new baths, new flooring, windows, doors and energy-efficient HVAC systems, plumbing, insulation, roofs, siding and landscaping plus more.

The Michigan State Housing Development Authority (Authority) updated its Pass-Through Bond Program. Projects participating in this program may use Pass-Through Bonds as long-term financing (construction and permanent financing) or as short-term financing (construction financing only). All projects must show evidence of credit enhancement that is acceptable to the Authority.

The Michigan State Housing Development Authority (MSHDA) has been developing an electronic submission alternative for applicants that are planning to submit an application in the June 1, 2020 LIHTC Funding Round. Through the use of an extranet platform, applicants can request to be given access to an electronic folder where they will be able to upload all application documents.

The Michigan State Housing Development Authority is extending the May 1, 2020 LIHTC application deadline until June 1, 2020.

To help address the potential timing concerns, Michigan State Housing Development Authority (MSHDA) is postponing the April 1, 2020 LIHTC Funding Round due date until May 1, 2020.  All LIHTC applications that were originally planned to be submitted for the April 1, 2020 Funding Round will now be due no later than 5 p.m. May 1, 2020.

The Building Michigan Communities Conference scheduled for April 28 – 29 has been canceled. 

The Michigan State Housing Development Authority (MSHDA) posted the Notice of Funding Round for April 1, 2020 and a LIHTC Program Updates memo. Updated forms include the 2019-2020 LIHTC Application and the 2019-2020 Scoring Summary.

The Michigan State Housing Development Authority posted the changes to its 12th and future rounds for the HOME/Mortgage Resource Fund (MRF) Gap Financing Program Notice of Funding Availability (NOFA). Please direct all questions to John Hundt, housing development manager, at hundtj1@michigan.gov or 517-241-7207.

Representative Rashida Tlaib (D-MI) sent a letter to the chairmen of the House Committee on Ways and Means, Committee on Oversight and Reform Subcommittee on Economic and Consumer Policy, and the Committee on Financial Services Subcommittee on Oversight and Investigations to request an investigative hearing on whether political contributions influenced the designation of opportunity zones in her district and across the country.

The Quicken Loans Community Fund, the City of Detroit Housing and Revitalization Department and Quantified Ventures are seeking applications from local organizations that holistically tackle housing challenges affecting the health and well-being of the Detroit community – either by eliminating systemic barriers to housing, or by securing safe, quality housing for low-income and typically underserved […]

The Michigan State Housing Development Authority (MSHDA) will hold a hearing on October 25, 2019 from 10:00 am to noon EDT to take comments and suggestions for modifications to the QAP for 2021-2022. The hearing will take place at MSHDA’s Lansing office (735 E. Michigan Ave. Lansing, MI 48912). If you wish to attend the […]

The Michigan State Housing Development Authority updated its 2019-2020 LIHTC Program Application as well as the 2019-2020 Scoring Summary, Addendum I, and Tab L. Michigan also released  this memo explaining the changes.