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 [...]

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 [...]

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 now has its NSP PowerPoint on its website - or get a copy here.
http://michigan.gov/documents/mshda/mshda_NSP_Powerpoint_Presentation_to_MCDA_259572_7.ppt
Training is coming in mid-Janauary with applications due in mid-February.

At the MSHDA Board meeting on November 18, 2008, Executive Director Keith Molin announced the permanent appointment of Jeff Sykes as Director of Finance and Chris LaGrand as Director of Legal Affairs.  Mr. Molin commented that this would be the first time that all Division Director positions no longer had the moniker of “Acting” in [...]

The Parmenter Group has learned that Corina Pena Andorfer will leave her staff attorney position to return to Governor Granholm’s General Counsel Office.  Ms. Andorfer was formerly associated with the Dykema law firm and was also previusly Assistant General Counsel under former General Counsel Kelly Keenon, and Acting Director of Legal Affairs at MSHDA.  Ms. Andorfer [...]

The next MSHDA Board Meeting will be held at the MSHDA-Lansing Office at 10 a.m. on Wed., Nov. 19th.  Mary Levine, Parmenter Group CEO will attend the meeting and will report on a Board action.  Log in to find out the latest MSHDA-board approved activities.

All comments on the Neighborhood Strategic Program (NSP) - Amendment to the Consolidated Plan are due to MSHDA no later than November 19, 2008.  Comments should be directed to: 
Martha Baumgart
Subject: Neighborhood Stabilization Program (NSP)
baumgartm@michigan.gov.
You can review the Plan amendments by going to “Spotlight” at http://michigan.gov/mshda/