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MSHDA Housing Tax Increment Financing (TIF) Program
On July 18, 2023, legislation was signed to amend 1996 Public Act 381, the Brownfield Redevelopment Financing Act, and gives MSHDA new review, oversight, and funding roles. This includes Tax Increment Financing for housing.
MSHDA anticipates authorization of the program from its Board of Directors by September 2023.
Interested parties can view the recent legislation at Michigan Legislature - Senate Bill 0129 (2023).
MSHDA is currently developing guidance regarding the new roles, responsibilities, and opportunities that these changes will bring about. Questions and/or comments can be directed to MSHDA-TIF@michigan.gov.
Housing Subsidy Calculation
MSHDA has developed the Potential Rent Loss (PRL) and Potential Development Loss (PDL) Calculations plus a Total Housing Subsidy (THS) Calculation to establish the reasonableness of certain housing activities for which tax capture is being planned. MSHDA is interested in gathering feedback on this calculation methodology in order to ensure that this Housing TIF Program is meeting the need of developers and communities. Initial review and feedback from stakeholders will help MSHDA craft the most appropriate process possible so please take this opportunity to respond to this information. All comments, questions, and general feedback can be sent to: MSHDA-TIF@michigan.gov.
UPCOMING TRAININGS
Please mark your calendar for the MSHDA Housing TIF Program trainings below. Please note, the below trainings will be targeted towards particular stakeholders (consultants, developers, and municipalities/BRAs); however, they are open for anyone to attend.
MSHDA Housing TIF Training for Consultants
Monday, October 2, 2023 from 1:00pm – 2:00pm
Microsoft Teams meeting
Join on your computer, mobile app or room device
Click here to join the meeting
Meeting ID: 283 448 382 182
Passcode: R5fqa5
Download Teams | Join on the web
Or call in (audio only)
+1 248-509-0316,,89030852# United States, Pontiac
Phone Conference ID: 890 308 52#
MSHDA Housing TIF Training for Developers
Friday, October 6, 2023 from 10:00am – 12:00pm
Microsoft Teams meeting
Join on your computer, mobile app or room device
Click here to join the meeting
Meeting ID: 247 762 020 323
Passcode: kmYpt8
Download Teams | Join on the web
Or call in (audio only)
+1 248-509-0316,,311642493# United States, Pontiac
Phone Conference ID: 311 642 493#
MSHDA Housing TIF Training for Municipalities/Brownfield Redevelopment Authorities
Monday, October 9, 2023 from 1:00pm – 2:00pm
Microsoft Teams meeting
Join on your computer, mobile app or room device
Click here to join the meeting
Meeting ID: 210 435 391 614
Passcode: k9sZjm
Download Teams | Join on the web
Or call in (audio only)
+1 248-509-0316,,291929696# United States, Pontiac
Phone Conference ID: 291 929 696#
NOTE: This page will be used for program announcements when appropriate.