New Housing Development

MSHDA aims to leverage 22.5 million of federal funds to initiate three new multifamily housing developments by the end of 2018. 
MSHDA offers tax-exempt and taxable bond loan to for-profit and nonprofit developers for the construction or rehabilitation of rental developments, and provides tax-exempt and taxable bond loans for the preservation of federally assisted rental housing. 
These programs are designed to work in conjunction with Low-Income Housing Tax Credits (LIHTC). MSHDA administers the federal LIHTC program according to a Qualified Allocation Plan. The tax credits are awarded through a competitive process with two annual allocation rounds which take place in April and October.
Michigan State Housing Development Authority