The Mortgage Credit Certificate (MCC) Program was authorized by Congress in the 1984 Tax Reform Act to provide housing assistance by allowing a federal tax credit to new, qualified homebuyers.  This program is made available only through participating Lenders on a first-come, first-served basis throughout the State of Michigan. Eligible borrowers must meet MSHDA income and sales price limits and in some cases, prior homeownership restrictions.

Homebuyers taking advantage of the MCC Program may qualify for 20% of their annual mortgage interest paid to be credited against their year-end tax liability.  This is not a one time tax credit, but can be taken advantage of each year until the original mortgage is paid in full as long as the property remains the homebuyer’s primary residence.  The homebuyer must apply for the MCC through a participating Lender.

To find out more about becoming an MCC Lender, please see the announcement below. If you have general questions about the MCC program, please contact us at (517) 373-6840.

• MCC Announcement
• MCC Brochure
• Exhibit A - List of Targeted Areas
• Exhibit B - Income and Sales Price Limits