MSHDA awards $27.9 million in tax credits for affordable housing ...

Jul 15, 2021  · - The Michigan State Housing Development Authority (MSHDA) today announced its largest award in recent history of more than $27.9 million in Low-Income Housing Tax Credits (LIHTC), which will be used to construct new affordable multifamily rental housing and to …


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MSHDA Awards $27.9 Million In Tax Credits For Affordable Housing ...

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Jul 15, 2021  · - The Michigan State Housing Development Authority (MSHDA) today announced its largest award in recent history of more than $27.9 million in Low-Income Housing Tax Credits (LIHTC), which will be used to construct new affordable multifamily rental housing and to …

michigan.gov

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MSHDA Awards $27.9M In Tax Credits For Affordable Housing …

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Jul 19, 2021  · Low-income housing tax credits are federal tax credits administered through MSHDA following a competitive application process. Developers who are recipients of these …

crainsgrandrapids.com

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Multiple West Michigan Properties Receive Tax Credits To Create ...

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Jul 15, 2021  · The Michigan State Housing Development Authority announced on Thursday its largest award in recent history of more than $27.9 million in low-income housing tax credits …

fox17online.com

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Gov. Whitmer Announces Funding For Local Low-income Housing

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Apr 4, 2024  · Governor Gretchen Whitmer and the Michigan State Housing Development Authority (MSHDA) announced $250 million in funding through Low-Income Housing Tax …

wnem.com

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$250 Million To Support 1,117 New Homes Statewide

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April 4, 2024. Contact: [email protected]. Gov. Whitmer Announces $250 Million to Support 1,117 New Homes Statewide. Latest 9% awards advance Statewide Housing Plan through 22 …

orionontv.org

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Michigan Awards $13.8 Million In Housing Tax Credits - Housing …

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Jul 25, 2019  · Adobe Stock. The Michigan State Housing Development Authority (MSHDA) recently awarded over $13.8 million in its latest low-income housing tax credit funding round. …

housingfinance.com

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Michigan Housing Authority Awarding Over $13 Million For 690

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Dec 16, 2021  · (CBS Detroit) --More than $13 million has been awarded in Low-Income Housing Tax Credits (LIHTC) to build new affordable multifamily rental housing or to rehabilitate …

cbsnews.com

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MSHDA Awards 27 9 Million In Tax Credits For Affordable Housing ...

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Jul 15, 2021  · The Michigan State Housing Development Authority (MSHDA) today announced its largest award in recent history of more than $27.9 million in Low-Income Housing Tax Credits …

michigan.gov

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Affordable Housing Advocates Want To Adjust MSHDA Tax Credit …

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Nov 11, 2019  · MSHDA revamps its scoring system every two years, program allocation manager Chad Benson said. The state has allocated $248 million in federal tax credits for low-income …

lansingstatejournal.com

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Michigan Awards LIHTC For 536 Affordable Units - Multi-Housing …

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Jul 23, 2019  · Milwaukee Junction is an upcoming development with a total cost of $7.2 million led by a partnership between MHT Housing Inc. and Detroit Catholic Pastoral Alliance. The mixed …

multihousingnews.com

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State Awards Over $6M In Funding For Five Low-income Housing …

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Jul 22, 2019  · In 2018, the city announced the creation of the $250-million Affordable Housing Leverage Fund to build and preserve hundreds of affordable units. That total included an …

curbed.com

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Detroit Touts Low-income Tax Credits For Seven Affordable Housing …

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Jul 19, 2021  · The Detroit News. 0:05. 0:54. Detroit — The city on Monday celebrated investments of more than $150 million to add hundreds of affordable housing units across the …

detroitnews.com

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$12M In Tax Credits Will Keep 6 Detroit Affordable Housing Projects …

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Jun 29, 2022  · Anchor at Mariners Inn: The development received roughly $1.4 million in MSHDA tax credits. Forty-four of the units will be permanent supportive housing for formerly homeless …

freep.com

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Affordable Housing: Low Income Housing Tax Credits

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Jan 29, 2019  · LIHTC awards a maximum of $1.5 million per project and a maximum of $3 million per Principal, or person or entity receiving a portion of the development fee. LIHTC awards are …

pmenv.com

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New Program Awards $18M To Build Or Rehabilitate 950 Affordable …

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Oct 2, 2020  · LANSING, Mich. (WLNS) –The Michigan State Housing Development Authority (MSHDA) is awarding $17.8 million in Low-Income Housing Tax Credits (LIHTC) to create or …

wlns.com

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Michigan Launches $5 Million Affordable Housing Grant Program

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December 14, 2023. The state of Michigan is incentivizing local communities to build more affordable housing with the creation of a $5 million grant program, the Michigan State Housing …

michiganindependent.com

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MSHDA Board Approves Funding For Housing Across Michigan

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Sep 24, 2024  · The Board approved $16.6 million in MSHDA funding for the construction of 1309 Madison Apartments in Grand Rapids, which will have 45 new construction units, with three …

michigan.gov

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Governor Moore Announces $20 Million In Tax Credits To Promote ...

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2 days ago  · ANNAPOLIS, MD – Governor Wes Moore today announced $20 million in historic revitalization tax credits through the Maryland Historical Trust. Leveraging more than $108 …

maryland.gov

FAQs about MSHDA awards $27.9 million in tax credits for affordable housing ... Coupon?

What is MSHDA's new LIHTC funding round?

MSHDA's latest LIHTC funding round will support the construction and renovation of more than 1,400 affordable housing units in rural and urban communities throughout the state. Twenty of the 25 LIHTC-funded projects involve new construction, creating over 1,000 new affordable apartments. ...

What does MSHDA stand for?

The Michigan State Housing Development Authority (MSHDA) is a state organization established in 1966. It serves the people of Michigan by partnering to provide quality housing that is affordable, a cornerstone of diverse, thriving communities. ...

How does the MSHDA help boost the state's housing stock?

They can use the money, which the state Legislature appropriated in the 2024 fiscal year budget, to adopt or eliminate regulations in order to help boost the state’s housing stock. Land use policies, master plan updates, and zoning amendments are a few of the regulations identified by the MSHDA that the program seeks to address. ...

Does Michigan have a housing readiness incentive grant program?

The state of Michigan is incentivizing local communities to build more affordable housing with the creation of a $5 million grant program, the Michigan State Housing Development Authority recently announced. Starting Jan. 16, local governments can apply to receive funding through the new Housing Readiness Incentive Grant Program. ...

Will tax incentives help Detroit build more housing?

Rising construction costs almost derailed the creation of nearly 500 units of housing in Detroit, but a tranche of federal tax incentives will help keep them on track. ...

How much did brush Watson receive in low income housing tax credits?

Brush Watson received roughly $3.8 million in the low income housing tax credits. The increase in construction costs were about $3 million for each building and the LIHTC award allows American Community Developers to increase the amount of equity and is key to maintaining affordability, Essian said. ...

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