Housing Choice Voucher Program
Information about the Project Based Voucher program.
State and national links to homeless and special housing needs information.
Standards of Design for Preconstruction manual and forms
Low Income Housing Tax Credits (LIHTC)
Information on Direct Lending Parameters, Gap Financing Programs, Equity Bridge Loan Program, Notice of Intent to Apply, LIHTC Application and Exhibit Requirements for Direct Lending Programs, Other Information (Mortgagor and Contractor's Cost Certification Guide and forms, HOME Subsidy Limits, Direct Lending Intake Forms, Contractor Requirements, and the Modified Pass-Through Program), Parameters
Information about the Pass-Through Bond Program
MSHDA HUD Section 3 policy and these guidelines have been prepared to provide information and guidance to Section 3 recipients on how the Michigan State Housing Development Authority (MSHDA) will administer the Section 3 regulations.
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The Michigan State Housing Development Authority’s Rental Development division works with developers to build and renovate affordable housing for Michigan residents. MSHDA participates in the financing of these important developments through grants, tax credits, and loans.
MSHDA offers direct lending to eligible developers in the form of loans from both tax-exempt and taxable bonds, as well as MSHDA gap funding loans, and 4% Low-Income Housing Tax Credits for affordable housing projects. MSHDA direct lending is available to both new construction and acquisition and rehabilitation of affordable or conventionally financed rental housing, mixed use buildings, or the adaptive re-use of other structures.
Developers participating in the Pass-Through Bond program use pass-through bonds (also known as conduit bonds) as long-term or short-term financing for affordable housing projects. The bonds are secured by the revenues of the borrower, the real and personal property being financed, and a form of credit enhancement acceptable to the Authority. These projects also often benefit from the 4% Low-Income Housing Tax Credit as well. Pass-through financing is available to both new construction and acquisition and rehabilitation of affordable or conventionally financed rental housing, mixed use buildings, or the adaptive re-use of other structures.