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 [...]
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.
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 [...]
