The following actions were taken by the MSHDA Board at its regular monthly meeting:
1.  Approved a change in funding for the Blight Elimination Program in the Cities of Promise from MHSDA funds to NSP funds.
2.  Approved the promulgated rules for the Housing and Community Development Fund to assure consistency with MSHDA’s Act.
3.  Authorized the termination [...]

MSHDA has posted information on its website about ARRA authorized Homeless Prevention and Rapid Re-housing Program funding.  MSHDA has received over $22 Million in federal funds that it will be distributing to eligible grantees - all 60 of Michigan’s Continuum of Care providers.  Only those providers submitting an acceptable CHAP plan will be eligible for funding.  [...]

MSHDA published its new underwriting criteria for monetized credit and TCAP funded developments on Friday, April 17th.  These new requirements will be used to evaluate developments that either turn back 07 and 08 LIHTC reservations or who are seeking 09 monetized and TCAP funding and all other developments, including direct lending developments being financed with [...]

MSHDA has published its ARRA Implementation Plan and conducted one public listening session to encourage developers to turn back their 07 and 08 LIHTC reservations in exhcange for monetized credits and TCAP funding.  The listening session conducted on April 13th was well attending with a full room and at least 75 people calling in to [...]