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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Boost your business and expand your client base by becoming a MSHDA Lender! Becoming a participating lender will benefit your business and the people you serve by allowing you to offer a variety of programs to hopeful homebuyers. Our lending partners play a critical role in expanding homeownership opportunities throughout the state, see how you can become a participating lender below.
Contact a Business Development Account Manager to see if you meet our lender requirements and receive instruction to begin the application process.
Applications and supporting documents are submitted via Comergence by Optimal Blue. Once you have registered with Comergence, your Business Development Account Manager will send you an invitation to apply. The application includes (but is not limited to):
MSHDA conducts a thorough review of each applicant’s financial information, organizational structure, compliance and risk management program, compliance and quality control programs, and written policies and procedures that are relevant to the types of loans that the applicant intends to originate and sell to MSHDA. Once the application is submitted with all pertinent application information, MSHDA will review within 30 days.
If/when your organization has met MSHDA Participating Lender criteria, MSHDA will issue an approval letter to your organization to begin originating MSHDA loans. It will be at this time that the lender must enter into a Lender Agreement and will receive a new lender checklist regarding training, system access, and procedures.
Training is required and provided online. Business Development Account Managers are available to answer questions and provide guidance.
MSHDA will provide ongoing program and technical support by an assigned Business Development Account Manager.
Any Participating Lenders will be subject to a yearly review to ensure that Participating Lenders maintain MSHDA eligibility. There is a renewal fee of $500 which will be waived if your institution completes 12 loans in the previous year.