Housing Choice Voucher Program
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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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July 27, 2021
July 27, 2021
Media Contacts:
Katie Bach, BachK@michigan.gov
Anna Vicari, VicariA@michigan.gov
LANSING, Mich. - The Michigan State Housing Development Authority (MSHDA) Board has approved two bond resolutions to support the purchase of mortgage loans and the agency's Down Payment Assistance (DPA) program.
The bonds will provide for approximately $283 million in single-family mortgage loans, allowing MSHDA to originate loans for over 2,400 individuals or families purchasing homes throughout Michigan. The bonds will also support MSHDA's DPA program, which offers up to $7,500 in down payment assistance statewide or up to $10,000 in DPA to eligible homebuyers in select areas in Michigan.
The bond resolutions were approved during the Board's July meeting.
"These bond resolutions provide the necessary funding for MSHDA's mission-critical programs that help eligible individuals and families get into their homes when they otherwise might not be able to," said MSHDA Chief Financial Officer Jeff Sykes.
The Board also reviewed and approved the proposal for the Michigan Homeowner Assistance Fund (MIHAF), which is a significant step forward in the development of the program. MIHAF was established as part of the American Rescue Plan Act of 2021 to mitigate hardships associated with the COVID-19 pandemic for homeowners. The program, expected to be available later this fall, will help prevent homeowner mortgage delinquencies, defaults, loss of utilities or home energy services, and displacement of homeowners experiencing financial adversity after January 21, 2020.
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