Qualified Allocation Plan

Pursuant to Section 42(m)(1)(A) of the Internal Revenue Code of 1986, as amended, and Section 22b(4) of Public Act 346 of 1966, of the State of Michigan, as amended, the Qualified Allocation Plan shall be prepared by the Authority, submitted to the legislature, and approved by the Governor after notice to the public and public hearing. Notice of the public hearing shall be published in four newspapers of general circulation throughout the state at least fourteen days prior to the public hearing. Comments received shall be taken into consideration and a written summary of such comments shall be provided to the Governor together with the request for approval of the Plan. Low income housing tax credit dollars shall be allocated in accordance with this Plan, and any amendments thereto.

If there are questions regarding the information listed below, please contact Carol Thompson in the Low Income Housing Tax Credit program

Amendment To The 2017-2018 Qualified Allocation Plan (QAP):

The Proposed Strategies to Address Equity Market Uncertainty Memo was published on April 21, 2017 to provide guidance on potential solutions to address LIHTC developments that have already received an award of credit.  One of those solutions is a narrowly-focused modification to the QAP.  Modification of the QAP requires formal public hearings, MSHDA Board approval, and approval by the Governor.

Information Hearing and Public Hearings To Be Held May 3 and 12, 2017:

MSHDA will hold one informational hearing and three public hearings throughout the state in order to solicit public feedback on the amendment:

Following the hearings, any written comments received will be posted to the Amended QAP Information and Public Hearings May 2017 page of the MSHDA web site.

Draft 2017-2018 Qualified Allocation Plan Amendment:

Current Qualified Allocation Plan (2017-2018):

QAPs From Past Years: