Eight developments have been selected to receive $9.6 million inlow-income housing tax credits (LIHTCs) from the Michigan State Housing Development Authority (MSHDA).

"These tax credits will leverage millions of dollars in investment necessary to develop thriving and vibrant communities around the state, creating jobs and providing affordable housing," said MSHDA Executive Director Gary Heidel in a statement. "In this time of economic challenge, we must do all that we can to stimulate the economy and help Michigan citizens who are struggling."

The developments, which will provide 662 affordable units, will also help bolster the state's economy by creating approximately 1,600 jobs in construction and related trades.

Projects funded from the November 2011 LIHTC funding round are:

Name LIHTC units City Amount
Silver Star Phase II 100 Battle Creek $1.5 million
New Village Park 152 Kalamazoo $1.5 million
Century Lofts Phase I 43 Grand Rapids $1.4 million
Century Lofts Phase II 44 Grand Rapids $1.4 million
JPS Fremont 108 Fremont $732,524
Mack Ashland 39 Detroit $812,237
Bella Vista Glen 138 Highland Park $976,007
Lincoln Park Lofts 38 Lincoln Park $1.2 million

For more information, visit www.michigan.gov/mshda.