TAX EQUITY AND FISCAL RESPONSIBILITY ACT (TEFRA) NOTICES
On December 31, 2018, the U.S. Department of Treasury published final regulations amending the public approval requirements for tax-exempt private activity bonds. The Tax Equity and Fiscal Responsibility Act of 1982 ("TEFRA") provided for public notice, hearing and approval requirements set forth in Section 147(f) of the internal revenue code of 1986, as amended. The TEFRA Requirements must be satisfied as a precondition to the issuance of tax-exempt private activity bonds. The Final TEFRA Regulations apply to all tax-exempt private activity bonds issued on or after April 1, 2019, by the Michigan State Housing Development Authority.
TEFRA Notice - Farmington Place ApartmentsTEFRA Notice - North Hill Farms Apartments Project
TEFRA Notice - Summer Place
MSHDA Homeownership Mortgage Credit Certificate Program (MCC) – March 20, 2026
The Michigan State Housing Development Authority (the “Authority”) is the authorized program administrator for Mortgage Credit Certificates (MCCs) in Michigan. MCCs are a form of federal income tax credit to qualified homebuyers. The Authority has received an allocation of bond volume cap from the State of Michigan Treasurer. The Authority has made an election not to issue bonds in order to obtain authority to issue MCCs. The Authority intends to issue MCCs to qualified home buyers in Michigan according to the requirements found in the document linked below no sooner than ninety days from the date of this notice being posted to the public.
PUBLIC NOTICE TO QUALIFIED HOMEBUYERS MORTGAGE CREDIT CERTIFICATE (MCC) PROGRAM 3-20-26