On February 17th, the President signed the American Recovery and Reinvestment Act (ARRA) in an effort to
combat the recession, stimulate the economy, and begin systemic reinvestments in the nation's physical
and economic infrastructure. The tools from ARRA, in combination with those provided by the 2008 Housing
and Economic Recovery Act (HERA), provide the State of Michigan with powerful resources intended to
combat national dislocations within the Low Income Housing Tax Credit (LIHTC) program, the nation's most
substantial affordable housing production tool over the past two decades.
Several MSHDA program areas are affected by or will receive new or additional funding from
ARRA, including:
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