Direct Lending Parameters and Updates
- Multifamily Direct Lending Program Parameters - Added June 29, 2017
- Reduced-Rate Fast-Track Loan Pilot Program - Updated January 02, 2025
Round 21 Gap Financing NOFA (including HOME, HTF, MRF and MI LIHTC)
- The Michigan Low-Income Housing Tax Credit Program (“MI LIHTC”) is a state tax credit that functions as a companion to the federal 4% Low-Income Housing Tax Credit (LIHTC). Approximately half of the annual MI LIHTC will be used for qualifying projects in the Direct Lending Program. Projects must conform to all regulations outlined in Public Act 23 of 2026. Additionally, all projects will be required to comply with the requirements outlined in the Round 21 Gap Financing Program, the Authority Multifamily Direct Lending Program Parameters, Multifamily Standards of Design, and other applicable requirements of the Authority's Direct Lending Program.
The Round 21 Gap Financing Round Notice linked below outlines the application due dates, funding availability, project timeline, funding categories, terms, selection criteria, etc. for MI LIHTC, HOME, Housing Trust Funds, and Mortgage Resource Funds that are being allocated under Round 21.
- Round 21 Gap Financing Program Notice of Funding Availability - Added November 04, 2026
- MI-Rental Application Step-by-Step System Guide - Added November 04, 2026
- 25% Test Policy - Added November 04, 2026
- Michigan Manufacturing Certification - Added November 04, 2026
- MI LIHTC Housing Need Map - Added November 04, 2026
- Proforma - UPDATED November 09, 2026
Round 20 Gap Financing Program and Updates
- The Round 20 Gap Financing Program notice and guidelines can be found at https://www.michigan.gov/mshda/developers/archive.
- Round 20 Updated Notice of Intent to Apply Projections Notice - Added October 09, 2026
Round 19 Gap Financing Program and Updates
- The Round 19 Gap Financing Program documents can be found at https://www.michigan.gov/mshda/developers/archive.
Equity Bridge Loan Program and Updates
Notice of Intent to Apply, LIHTC Application and Exhibit Requirements for Direct Lending Programs
- Notice of Intent to Apply (Typically required for all Direct Lending proposals, and Level One Reviews for 9% Preservation proposals) - Updated March 10, 2025
- LIHTC Program Application (link will take you to MSHDA's Combined Application for Rental Housing Programs page for the most recent LIHTC Application). Required for all direct lending proposals when invited following the Notice of Intent to Apply phase.
- Addendum IV Exhibit Checklist (Required documents to be submitted along with the LIHTC Application) - Updated March 10, 2025
Other Information
- Mortgagor's and Contractor's Cost Certification Guide - Updated 07/20/2026
- Mortgagor's Final Costs Certification - Updated 07/20/2026
- Contractor's Final Costs Certification - Updated 07/28/2026
- HOME Subsidy Limits
- Direct Lending Intake Forms
- Contractor Requirements
- Uniform Relocation Act Guidelines
- Multifamily Processing Activity Status Report (Updated 11/02/26)
- *Rates* Current Direct Lending Program Rates
Parameters from Past Years
- Parameters from past years can be found at https://www.michigan.gov/mshda/developers/archive.
Gap Financing Program NOFA Rankings from Past Rounds
- Rankings from past years can be found at https://www.michigan.gov/mshda/developers/archive.
HTF Financing Program NOFA Conditional Awards by Rounds
- HTF Financing Program NOFA conditional awards can be found at https://www.michigan.gov/mshda/developers/archive.