Housing Choice Voucher Program
Information about the Project Based Voucher program.
State and national links to homeless and special housing needs information.
Standards of Design for Preconstruction manual and forms
Low Income Housing Tax Credits (LIHTC)
Information on Direct Lending Parameters, Gap Financing Programs, Equity Bridge Loan Program, Notice of Intent to Apply, LIHTC Application and Exhibit Requirements for Direct Lending Programs, Other Information (Mortgagor and Contractor's Cost Certification Guide and forms, HOME Subsidy Limits, Direct Lending Intake Forms, Contractor Requirements, and the Modified Pass-Through Program), Parameters
Information about the Pass-Through Bond Program
MSHDA HUD Section 3 policy and these guidelines have been prepared to provide information and guidance to Section 3 recipients on how the Michigan State Housing Development Authority (MSHDA) will administer the Section 3 regulations.
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The Federal Historic Preservation Tax Credit encourages investment in vacant or underused older buildings. Once rehabilitated, these structures end up back on local tax rolls and contributing to the community once again. Since 2003, historic rehabilitations using federal preservation tax credits resulted in nearly $2.5 billion in direct investment.
The Hardest Hit Fund Blight Elimination Program was established by the MHA to assist Michigan communities with high vacancy rates address blighted residential properties. By working directly with local leaders to identify and demolish dilapidated abandoned homes, the program helps stabilize property values by establishing more green space or making way for future development.
The Step Forward Michigan Program was established by the MHA to work directly with Michigan homeowners to help them stay in their home. The program provides up to a $30,000 interest free loan to assist with mortgage, property taxes, and/or condominium association fees. Hardest Hit Funds loans are forgivable at 20% each year, as long as the property remains the homeowner’s primary residence.
The HOME program helps communities build, buy or rehabilitate affordable housing for rent or ownership, often in partnership with local nonprofit groups. This flexible program allows state and local governments to use HOME funds for grants, direct loans, loan guarantees, rental assistance, security deposits or other credit enhancements.
This program awards federal and MSHDA funding to local units of government and public and private nonprofit agencies with 501(c)(3) status that have at least one year of experience in providing case management, homelessness prevention, shelter operating costs, and rapid rehousing with short-term tenant-based rental assistance specifically targeted to homeless people. Applicant organizations must be actively involved in a recognized continuum of care planning body.
Combines the Down Payment Assistance (DPA) second mortgage with a MSHDA first mortgage toward the purchase of a new or existing single family home, a multiple-section manufactured home on its own property, or a condominium (income and purchase price limits apply).
Previously referred to as Section 8, this program provides federal rent subsidies to participants. MSHDA guidelines require that 80% of the families served at admission to the program must have incomes not exceeding 30% of the area median income (AMI). While 20% of households served may have incomes up to 50% of AMI, MSHDA guidelines require new admissions to have incomes at or below the federal poverty level. Participants find their own housing in private homes and apartment buildings.
The LIHTC program is the most successful affordable housing production program in U.S.history forging public-private partnerships between the Federal government, state allocating agencies and private sector developers. MSHDA uses the 9% and 4% credit to assist in the financing of new construction and the preservation of existing structures.
The LIHTC program is the most successful affordable housing production program in U.S.history forging public-private partnerships between the Federal government, state allocating agencies and private sector developers. MSHDA uses the 9% and 4% credit to assist in the financing of new construction and the preservation of existing structures.