Multifamily Rental Housing (Tax Credit Assistance Program and Monetized Credit)

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.

 

9% Equity Support Notice of Intent to Apply (Posted 2/10/10)
Final Application Processing Updates Memorandum(Posted 2/10/10)
Exchange Program Extension Announcement (Posted 1/29/10)
Memo and List of Provisional Tax Credit Awards (Updated 9/30/09)
Provisional Tax Credit Award Extension (Posted 3/4/10)
List of LIHTC Awards for TCAP Eligibility (Posted 9/25/09)

ARRA Funding Update - August(Posted 9/18/09)

Questions and Answers (Updated September,03 2009)

Recovery Act Program Revisions and Updates (Posted December,15 2009)

Reinvestment & Innovation Program

9% Tax Credit Exchange Program

9% Equity Support Program

4% Equity Support Program

Model Legal Documents (Updated 10/1/09)

Read MSHDA's Final TCAP Application (Posted June 22, 2009)

Direct Lending Parameters (Approved, June 2009)

Direct Lending Parameters (As presented to the Board, June 2009)

Neighborhood Stabilization Program

Notice of Funding Availability

The Neighborhood Stabilization Program (NSP) is not directly funded by the American Recovery & Reinvestment Act; however it has been coordinated with many Recovery programs. The Notice of Funding Availability has been posted here for your convenience.

Presentations from the 2009 Conference on Affordable Housing:


Notice of April 13 Public Listening and Feedback Session

Public Comments and Suggestions:

  1. KMG Prestige (Robert Kabbe, posted 04/13/09)
  2. TJ Acquisitions (Jeff Gates, posted 04/13/09)
  3. Parmenter Group (Mary Levine, posted 04/15/09)
  4. Mike Jacobson (posted 04/15/09)
  5. Great Lakes Capital Fund (Tom Edmiston, posted 04/15/09)
  6. The Arc Michigan (Tony Wong, posted 04/15/09)
  7. Greater Lansing Housing Coalition (Lynne Martinez, posted 04/20/09)
  8. Michigan Housing Council (Sheldon Winkelman, posted 04/20/09)
  9. Fair Housing Center of Metropolitan Detroit (Cliff Schrupp, posted 04/20/09)
  10. Stewards of Affordable Housing for the Future (William Kelly, posted 04/28/09)
  11. National Housing Law Project (Catherine Bishop, posted 5/29/09)

Design Standards for Preservation

Exchange survey for 2007/2008 reservations

Read MSHDA's Preliminary Implementation Plan

Training Materials -
Cross Cutting Federal Requirements for TCAP Presentation | Handout


If you have questions or comments regarding these standards, please email our mshdarecovery@michigan.gov.