December 22, 2025
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MSHDA Invests $16.3 Million in Low-Income Housing Tax Credits to Advance Affordable Housing Goals in Michigan
LANSING, Mich. –The Michigan State Housing Development Authority (MSHDA) has allocated more than $16.3 million in federal 9% Low-Income Housing Tax Credits (LIHTC) to support the creation and preservation of over 700 housing units spanning across 14 projects in nine Michigan communities.
“By leveraging public-private partnerships, we’re not only addressing housing affordability, but we’re also boosting local economies and strengthening communities,” said Tony Lentych, Chief Housing Investment Officer. “These LIHTC allocations reflect our ongoing commitment to expanding housing opportunities across Michigan.”
The LIHTC program, which is federally funded and administered by MSHDA, provides tax incentives on a competitive basis to developers who build or rehabilitate housing for low- and moderate-income residents. These credits help reduce financing costs, making it possible to offer lower rents and ensure long-term affordability. Developers can claim credit against their tax liability annually for up to 10 years.
Eleven percent of the units being created or rehabilitated will be fully accessible and 530 of the units will meet visitability standards.
The following projects received LIHTC allocations:
Bagley Central, Detroit - Credit Amount: $1,650,000
American Community Developers will construct 43 affordable units and 11 market-rate units for households earning 30–80% Area Median Income (AMI), with 23 units receiving project-based rental assistance. The development will create three permanent and 65 temporary jobs. There is a partnered phase of the project that will follow, adding an additional 48 affordable and 12 market-rate units to the same site.
Gardenview Apartments, Detroit - Credit Amount: $1,398,000
MHT Housing and Infinite Horizons will create 53 affordable one- and two-bedroom units for households earning 60% AMI, with 27 units receiving project-based receiving rental assistance. The development will create two permanent and 75 temporary jobs.
Gardenview Townhomes, Detroit - Credit Amount: $1,474,000
MHT Housing and Infinite Horizons will develop 48 affordable two- and three-bedroom units for households earning 40–80% AMI. Project-based rental assistance will be provided for 22 units. The development will create two permanent and 75 temporary jobs.
Hickory Way Apartments Phase III, Ann Arbor - Credit Amount: $1,225,000
Avalon Housing will build 39 one-bedroom units for households at or below 60% AMI. Twenty-four units will be reserved for tenants with special needs and include wrap-around services. The development will create three permanent and 185 temporary jobs.
Oliver Gardens Apartments, Lansing - Credit Amount: $1,479,466
Lansing Housing Commission will rehabilitate 30 senior units for those earning 30% AMI and create an additional 16 units for those at 60% AMI. All units will receive rental assistance. The project will create three permanent and three temporary jobs.
Ryan Creek III, Big Rapids - Credit Amount: $1,075,000
DeShano Development and DR Asset Holdings will build 42 one-, two-and three-bedroom units for households earning between 20–80% AMI. The development will create one permanent and 47 temporary jobs.
Southside I, West Branch - Credit Amount: $370,561
DeShano Development will rehabilitate and preserve 20 two-bedroom and 16 three-bedroom units for households earning 20–80% AMI. The development will create 17 temporary jobs.
Temple Senior, Mason - Credit Amount: $1,309,091
TWG Development and Equity First will create 53 senior units for households earning 30–80% AMI, with project-based rental assistance provided by the Ingham County Housing Commission. The project will create two permanent and 200 temporary jobs.
The Washington Apartments, Lansing - Credit Amount: $1,650,000
Lansing Housing Commission will create 50 senior units through the adaptive reuse of a currently vacant historic apartment building. All units will be reserved for households earning 60% AMI and will have rental assistance. The development will create three permanent and three temporary jobs.
Townsend Manor II, Imlay City - Credit Amount: $444,673
DeShano Development will rehabilitate 48 units for households earning below 60% AMI, with 40 units receiving rental assistance from the U.S. Department of Agriculture and Rural Development’s Rural Housing Service (RHS). The development will create 22 temporary jobs.
Victories Square II, Petoskey - Credit Amount: $1,500,000
Community Housing Network and Odawa Economic Development will build 44 units for households earning between 30–80% AMI, seven units will receive rental assistance. The development will create 71 permanent and 19 temporary jobs.
Walnut Acres I Apartments, Corunna - Credit Amount: $460,473
CRA Development will rehabilitate and preserve 48 units for those earning up to 60% AMI, with 43 units receiving rental assistance from the RHS. The development will create 77 temporary jobs.
Walnut Acres II Apartments, Corunna - Credit Amount: $685,000
CRA Development will rehabilitate and preserve 55 units for households earning up to 60% AMI, all with rental assistance from the RHS. The development will create 79 temporary jobs.
Woodward & Adams, Detroit - Credit Amount: $1,650,000
Full Circle Communities and NOA at Central will create 39 studio and one-bedroom units for households earning 50% AMI. Thirty-three units will be reserved for tenants who have experienced homelessness and include wrap-around services. The development will create 39 permanent and 136 temporary jobs.
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About MSHDA
The Michigan State Housing Development Authority (MSHDA), established in 1966, provides financial and technical assistance through public and private partnerships to create and preserve safe and decent affordable housing, engage in community economic development activities, develop vibrant cities, towns and villages, and address homeless issues.
