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MSHDA Housing Tax Increment Financing (TIF) Program

Housing TIF Work Plans

All Approved Housing TIF Work Plans for 2024 & 2025

Webinar:  Housing TIF Program One-Year Update

On November 14th, of 2024, MSHDA held its fourth virtual information session on Housing TIF. The slides from the session are available for viewing at https://www.michigan.gov/mshda/developers/archive

Guidance Document on Housing TIF Submissions to MSHDA

Governing bodies and/or Brownfield Redevelopment Authorities (BRAs) should follow MSHDA’s Housing TIF Program Statement (specifically Addendum II ) for all Housing TIF submissions.  All questions or information outlined in Addendum II must be addressed in the initial submission to MSHDA.

Addendum II can be found at https://www.michigan.gov/mshda/developers/archive.

Frequently Asked Questions

The Frequently Asked Questions document provides further information about the Housing TIF Program. 

The FAQ document can be found at https://www.michigan.gov/mshda/developers/archive.

“Notice of Public Hearing” for Housing TIF

Governing bodies and/or Brownfield Redevelopment Authorities (BRAs), when providing a brownfield plan “Notice of Public Hearing” to MSHDA under Section 14 of Public Act 90 of 2023, please email the Notice to MSHDA-TIF@michigan.gov not less than 10 days prior to your scheduled Public Hearing. 

UPDATE - Control Rents

On an annual basis, MSHDA will publish the Control Rents, by County, that can be used in completing the Potential Rent Loss (PRL) calculation.

TIF program control rents can be found at https://www.michigan.gov/mshda/developers/archive.

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

The formulas can be found at https://www.michigan.gov/mshda/developers/archive.

Housing TIF Program Statement

On September 29, 2023, the MSHDA Board approved the MSHDA Housing Tax Increment Financing Program Statement.  This document, as adopted by the MSHDA Board, outlines program requirements, timeline and process, and MSHDA staff review criteria.

The MSHDA Housing Tax Increment Financing Program Statement can be found at https://www.michigan.gov/mshda/developers/archive.

Housing TIF Program Legislation

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.  Interested parties can view the legislation at Michigan Legislature - Senate Bill 0129 (2023)

 

NOTE: This page will be used for program announcements when appropriate.

Questions and/or comments can be directed to MSHDA-TIF@michigan.gov.