MSHDA  took the following action at its board meeting last week:
1.  Approved through another delegated authority process 8 projects participating in the 9% Exchange Program and three participating in the 9% Equity Support Program.
2.  Approved changes in the 9% Equity Support Program increasing the pricing support by 10 cents to 35 cents or higher if necessary [...]

MSHDA met on 10-28-09 and took the following actions:
1.  Authorized the Executive Director to grant TCAP and/or 1602 loans to 8 projects - LaVogue, St. Aubin Sq., Gadenview IIA & IIB, Oakland Place, Goodrich Apartments, and Ballentine Apartments. 
2.  Besides this delegated authority granted to the Executive Director, MSHDA approved the following TCAP and/or 1602 Loans [...]

The MSHDA Board met on 7/22/2009.  Executive Director, Keith Molin, gave a report on the status of its NSP2 Grant Application.  The Application was submitted on behalf of a consortium of local communities and land banks.  The total amount of the Application is $290 Million.  A copy of the application is not yet available, but [...]

Today, the MSHDA Board meet and acted on the following agenda items:
1.  Approved modifications to the Multi-Family Direct Lending Parameters.  
2.  Approved mortgage loan feasibility for Homecrest.
3.  Approved the appointment of a management agent to take over Algonquin Apartments.
4.  Approved amendments to the mortgage loan commitment for Crystal View Apartments.
5.  Approved additional amendments to the mortgage [...]

MSHDA published its draft application for TCAP funding late last week.  Go to: http://www.michigan.gov/mshda/0,1607,7-141-5546-211383–,00.html to view this proposal for HUD funding.

1.  Approved sale of both single family and multi-family bonds.  The sale of the single family bonds will help re-open the program. 
2.  Approved Draft Lending Parameters for Multi-family program.  These are posted on the MSHDA website and comments are still being accepted.  A final version of the Lending Parameters will be considered at the June [...]

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 [...]

Yesterday (March 25th), MSHDA senior staff announced its DRAFT American Recovery & Reinvestment Act Preliminary Implementation Plan.  The Draft Implementation Plan is available on the MSHDA website at:http://www.michigan.gov/mshda/0,1607,7-141-5546-211383–,00.html.  The Plan is broken down into 4 components - 9% Tax Credit Assistance Program; 9% Tax Credit Exchange Program; 4% Tax Credit Assistance Program; and Michigan Affordable [...]

MSHDA reported yesterday that Governor Granholm approved the 2009 Qualified Allocation Plan (QAP) presented to her by MSHDA in late February.  You can find the approval letter and the approved QAP by linking to: 
http://www.michigan.gov/mshda/0,1607,7-141-5587_5601-31750–,00.html

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 [...]