Michigan

The list of Qualified Census Tracts (QCTs) and Difficult Development Areas (DDAs) has been updated for 2016. Updates are effective July 1, 2016.

The Michigan State Housing Development Authority announced that the second competitive funding round for 2016 Low Income Housing Tax Credit will have an application submission deadline of 5:00 p.m., April 1, 2016.

A permanent fixed 9% credit rate has multiple immediate effects on the LIHTC Program and the Michigan Qualified Allocation Plan

Changes to the Detroit Continuum of Care program will impact the process of applying for LIHTC projects that require CoC approval during MSHDA’s April 2016 round for credits.

Workshop participants will engage in an introduction to the 2015 Enterprise Green Communities Criteria. Attendees will identify how to successfully address critical details of this Criteria in their own development projects.

Written comments and suggestions for the 2017-2018 QAP that MSHDA received in response to the October 30, 2015 Information Hearing have been added to the “2017-2018 QAP Information Hearing” page of the MSHDA web site.

MSHDA will hold an Information Hearing on October 30, 2015 to take comments and suggestions for modifications to the QAP for 2017-2018.

The Internal Revenue Service divided $2.59 million in unused Low Income Housing Tax Credits from calendar year 2015 among 30 states.

Thanks to the support of the Wege Foundation, GreenHome Institute is offering a free, comprehensive program for non-profit affordable housing developers who are interested in developing green, LEED certified homes.

An updated version of the LIHTC Program Application, which should be used for application submission in the October 1, 2015 funding round, has been posted to the MSHDA website. The update made the following adjustments:

The Michigan State Housing Development Authority announced that the first competitive funding round for 2016 Low Income Housing Tax Credit will have an application submission deadline of 5:00 p.m., October 1, 2015.

Woda Group, Inc. plans to build Grand View Place, a 68-unit affordable housing development, using Low-Income Housing Tax Credits from the Michigan State Housing Development Authority.