Below is a link to the recent Detroit Free Press editorial supporting the federal Low Income Housing Tax Credit Program.
http://www.freep.com/article/20090129/OPINION01/901290353/1069/OPINION/

The following actions were taken by the MSHDA Board at its meeting today:
1.  Election of Officers - Bernie Glieberman, Chair; Mary Ann Udow, Vice-Chair
2.  Independent Living Senior Housing - Modified Pass Through Program - 8 senior facilities located in SE Michigan will benefit from Pass-Through funding available from the authority through its bond cap allocation [...]

MSHDA has posted its NOFA at its website, www.michigan.gov/mshda announcing the second round of funding availability.  This fund supports projects designed to fuel strategies leveraging public and private resources to meet the affordable housing needs of low income, very low income and extremely low income households and to finance projects located in downtown areas or adjacent neighborhoods, [...]

Michigan’s Governor has signed into law the following bills:
SB 1636 requires MSHDA to establish policies and procedures for Individual Development Accounts (IDA) in conjunction with the the Dept. of Energy, Labor & Economic Growth and the Department of Human Services.
 SB 1491 extends property tax exemption previously available only to nonprofit corporations, to limited dividend housing corporations or [...]

The State Historic Preservation Office in conjunction with MSHDA and its Main Street Center will be providing Cultural Economic Development plans for Boyne City, Calumet, Marshall & Niles.
The plans will help these cities in their ongoing activities to revitalize their downtowns by using cultural assets to create jobs, bring investment into their communities and enhance [...]

The following bills were signed into law by Gov. Granholm:
HB 5437 - Revises exemption for nonprofit senior citizen and disabled person housing.  Effective 1/9/09
HB 6492 - Exempts supportive housing property from school operating millage.  Effective 1/9/09
HB 6493 - Provides for certification of supportive housing property.  Effective 1/9/09
SB 635 - Eases state requirements on local building [...]

Today, The Parmenter Group released its position paper outlining its proposal to immediately stimulate new private investment in the depressed affordable rental housing market.  The proposal is designed to attract new investors and dramatically improve the equity investment in affordable rental housing through the purchase of Low Income Housing Tax Credits (“LIHTC”).
Mary Levine, CEO & President of [...]

As Reported by The Appraisal Institute:

Michigan became the latest state to enact strict appraiser independence laws, when the Michigan legislature completed action on a group of bills that are intended to ensure that appraisers are able to perform their work without coercion or interference from mortgage lenders, brokers, and servicers. 
 
Of most direct impact to [...]