The Michigan State Housing Development Authority (MSHDA) has awarded over $13 million in low-income housing tax credits (LIHTCs) to 13 developments with 833 units for low- to moderate-income households.
“Overall, we estimate that this round of awards will leverage more than $160 million in private investment for Michigan,” said executive director Earl Poleski. “Housing tax credits are an important resource for developers to leverage when planning to rehabilitate or build new quality affordable rental housing in Michigan. Without this incentive, we simply would not be able to meet the state’s housing infrastructure demands for those most in need.”
MSHDA holds two funding rounds per year, in October and April, with roughly half of the available $23 million in LIHTCs allocated in each.
The Sanctuary in Detroit, which will include 42 units of permanent supportive housing for men and women as well as an attached, but separate, emergency shelter for 55 homeless women, is one of the developments awarded LIHTCs this round. Developers MHT Housing and Neighborhood Service Organization received an $800,000 award to create a state-of-the-art building with a wealth of services on the site of the former Detroit Police Department’s 7th Precinct on Mack Avenue.
The additional 12 developments receiving LIHTC awards include:
- 415 Franklin, developed by ICCF Nonprofit Housing Corp. and Chesapeake Community Advisors, in Grand Rapids: $1,085,629;
- Clark Commons, developed by Norstar Development USA and Flint Housing Commission, in Flint: $1,500,000;
- Four Flags Plaza Apartments, developed by General Capital Development and Capital Area Housing Partnership, in Niles: $1,259,068;
- Francis Senior Lofts, developed by MV Affordable Housing and Jackson Housing Commission, in Jackson: $831,920;
- Jasperlite Senior Housing, developed by G.A. Haan Development and Community Action Alger-Marquette, in Ishpeming: $670,801;
- Pablo Davis II, developed by Bridging Communities and MHT 147, in Detroit: $451,066;
- Pine Avenue Apartments, developed by Dwelling Place of Grand Rapids NPHC, in Grand Rapids: $716,669;
- Reed City Apartments, developed by PK Development Group, in Reed City: $468,078;
- Selinon Park, developed by Full Circle Communities and MDV Properties, in Portage: $1,406,000;
- Seven45 Stocking, developed by The Woda Group, in Grand Rapids: $924,000;
- Swift Lane, developed by Norstar Development USA and Ann Arbor Housing Commission, in Ann Arbor: $1,487,000; and
- Village of Kalamazoo Apartments, developed by Hope Network, in Kalamazoo: $1,470,782