We are watching this bill which will amend Section 7d of the General Property Tax Act that provides for a tax exemption for housing owned and operated by a nonprofit entity, the State, or a local unit of government where the housing is solely for occupancy by elderly and disabled families. [...]
Ex. Dir. Keith Molin reported that Chairman Bernie Glieberman resigned his board position effective 12/28/2009. Mr. Molin expect that a new appointee to fill the vacancy will be in place by the next Board meeting in February.
Mr. Molin reported that he will have a response to the Denny Sturdevant presentation by the [...]
The MSHDA Board met for the last time in 2009 without the Board Chair, Bernie Glieberman, who was reported to be “on leave”.
The Board took action approving a massive re-underwriting of its Single Family Bond portfolio that is being financed, in part, by the U.S. Treasury. It approved 4 multi-family developments under another Delegated Action [...]
DTE and Consumers Power are offering to install, free of charge, energy efficient light bulbs in apartment units - up to 8 per unit. Other energy efficiency upgrades that they will install are: low flow shower heads, low flow faucet aerators, pipe wrapping for individual hot water heaters.
They will also work with owners on energy [...]
The MSHDA Board met this month and took the following actions of interest:
1. Approved feasibility and loan commitment for Patterson Crossing a 56 family unit preservation project in Frankfort. Funding for the project comes from Section 1602 funds, LIHTC, MSHDA and RD mortgages.
2. Approved feasibility and loan commitment for Gateway Village - a new construction [...]
Last Friday, MSHDA published its proposed amendmentsto the Qualified Allocation Plan and announced it will hold 3 public hearings in Lansing, Detroit and Grayling on Wednesday, February 11th. Publication of these proposed changes follows an invite-only forum attended by industry representatives hosted by MSHDA in January.
A link to the proposed changes and announcement of the [...]
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, [...]
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 [...]
Interesting article on speculation about who will be the next HUD Secretary as published by HousingCrisis.com.
http://www.housingcrisis.com/legislation/hud-watch-heats-obama-roster-fills/
